Kulicke and Soffa (KLIC) said after close Wednesday that it earned $0.51 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $202.3 million, beating estimates by $2.2 million.
In the same quarter a year ago, the company earned $1.19 per share on revenue of $286.3 million.
The stock is up 5.41% to $49.30 after the report.
Kulicke and Soffa's profit margins took a hit as earnings fell at a faster pace than revenues.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Kulicke and Soffa a Neutral Sentiment Rank from InvestorsObserver.
Kulicke and Soffa has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 0, putting Kulicke and Soffa in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $40.2 on November 1, 2023 and set a 52-week high on June 30, 2023 at $60.2.
Kulicke & Soffa Industries Inc is a United States-based company that is principally engaged in designing, manufacturing, and selling capital equipment and expendable tools that are used for assembling semiconductor devices. The company operates through two core segments: Capital equipment, which produces and sells a series of ball bonders, wafer-level bonders, wedge bonders, APS which produces and offers various expendable tools designed for multiple semiconductor packaging applications. The Capital equipment segment contributes the majority of total revenue. The company generates the majority of its total revenue from the overseas market, mainly in the Asia-Pacific region.
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Kulicke and Soffa Up 5.41% To $49.30 After Earnings Beat
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