Kulicke & Soffa Indus Q3 2024 Adj. EPS $0.35 Beats $0.30 Estimate, Sales $181.650M Beat $180.136M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kulicke & Soffa Industries (NASDAQ: KLIC) reported Q3 2024 adjusted EPS of $0.35, beating the estimate of $0.30. Sales were $181.65M, surpassing the $180.136M estimate. Despite beating estimates, both EPS and sales were down compared to the same period last year.
August 07, 2024 | 8:30 pm
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Kulicke & Soffa Industries reported better-than-expected Q3 2024 earnings and sales, but both metrics declined year-over-year.
The company's earnings and sales beat analyst estimates, which is positive for the stock in the short term. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100