Kulicke & Soffa Indus Q2 2024 Adj EPS $(0.95) Misses $0.24 Estimate, Sales $172.074M Beat $170.164M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kulicke & Soffa Industries (KLIC) reported Q2 2024 adjusted EPS of $(0.95), missing the $0.24 estimate by 495.83%, and a 350% decrease from last year's $0.38 EPS. Sales were $172.074M, slightly above the $170.164M estimate but a 0.55% decrease from the previous year.
May 01, 2024 | 9:03 pm
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NEGATIVE IMPACT
Kulicke & Soffa Industries reported a significant miss in Q2 2024 EPS and a slight beat in sales compared to estimates.
The significant miss in EPS is likely to negatively impact investor sentiment and stock price in the short term, despite the slight beat in sales. The magnitude of the miss compared to expectations suggests potential underlying issues that could concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100