Kulicke And Soffa Industries Sees Q3 2024 Adj. EPS $0.30 ±10% Vs $0.49 Est.; Net Revenue $180M ± $10M Vs $205.294 Est.
Portfolio Pulse from Benzinga Newsdesk
Kulicke and Soffa Industries projects its Q3 2024 adjusted EPS to be $0.30 ±10%, below the estimated $0.49. The company also forecasts net revenue of $180M ± $10M, which is lower than the expected $205.294M.

May 01, 2024 | 9:14 pm
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Kulicke and Soffa Industries anticipates a lower Q3 2024 adjusted EPS and net revenue than market expectations.
The projected shortfall in both adjusted EPS and net revenue compared to analyst estimates is likely to negatively impact investor sentiment and could lead to a short-term decrease in KLIC's stock price. The significant deviation from expected financial metrics typically results in negative market reactions, especially when both key financial indicators (EPS and revenue) are forecasted to underperform.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100