Friday November 14, 10:00 am Eastern Time
Kulicke sees stronger Q2, Q3, Q4
WILLOW GROVE, Pa., Nov 14 (Reuters) - Kulicke & Soffa Industries Inc said Friday it expects earnings in the fiscal first
quarter to be down from the fourth quarter, but results will improve as the year progresses.
C. Scott Kulicke, chairman and chief executive, said in a press release, ''As previously announced, we anticipate that our
December quarter sales and earnings will be lower than our September quarter.''
He added, ''We expect that the remaining quarters of the fiscal year will be stronger, and our goal for fiscal 1998 is to deliver
continued record results.''
Kulicke today reported net income for the fourth quarter, ended September 30, of $15.1 million, or $0.63 per share. It earned
$1.78 per share for the full fiscal year 1997.
The First Call consensus estimate for the fiscal 1998 first quarter is $0.38 per share, and $2.31 for all of fiscal 1998.
Kulicke said the first quarter will be lower partially because of the longer than anticipated transition to its new platform of wire
bonders.
Kulicke serves the integrated circuit assembly market with a product line that includes wire bonding, die bonding, wafer dicing,
factory automation equipment, and packaging materials. |
