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Technology Stocks : Semi Equipment Analysis
SOXX 314.52-0.6%Dec 11 4:00 PM EST

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From: Donald Wennerstrom5/3/2011 11:44:13 AM
3 Recommendations   of 95572
 
Kulicke & Soffa beats by $0.18, beats on revs; guides Q3 revs above consensus
6:14 AM ET 5/3/11 | Briefing.com

Reports Q2 (Mar) earnings of $0.54 per share, $0.18 better than the Thomson Reuters consensus of $0.36; revenues rose 34.4% year/year to $206.7 mln vs the $188.3 mln consensus.

Co issues upside guidance for Q3, sees Q3 revs of $255-275 mln vs. $201.30 mln Thomson Reuters consensus; backlog +64% YoY.

"Our results exceeded the high-end of prior guidance, with revenue increasing ~39% compared to the prior quarter led by our OSAT customers. We continue to benefit from strong demand from both our ball and wedge bonder equipment lines from a wide range of customers. Momentum continued in the gold to copper transition, with ~71% of our ball bonder shipments in the most recent quarter sold as copper capable bonders. We also continue to benefit from ongoing replacement demand for our latest generation of gold only ball bonders. We have also seen an increased demand for large area bondable options, which enable our customers to gain added efficiencies and reduce the cost of packaging."
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