Kulicke & Soffa beats by $0.05, beats on revs; guides Q4 EPS below consensus, revs below consensus
4:39 PM ET 8/7/24 | Briefing.com
Reports Q3 (Jun) earnings of $0.35 per share, excluding non-recurring items, $0.05 better than the FactSet Consensus of $0.30; revenues fell 4.8% year/year to $181.7 mln vs the $179.28 mln FactSet Consensus. Co issues downside guidance for Q4, sees EPS of $0.315-0.385, excluding non-recurring items, vs. $0.50 FactSet Consensus; sees Q4 revs of $170-190 mln vs. $202.23 mln FactSet Consensus.Fusen Chen, Kulicke & Soffa's President and Chief Executive Officer, stated, "While the recovery remains gradual, improving utilization rates combined with continued near-term industry growth provide optimism for coordinated capacity and technology expansion across multiple end-markets. Additionally, we continue to drive industry adoption of our leading Fluxless Thermo-Compression (FTC), Vertical-Fan-Out (VFO), and High-Power-Interconnect (HPI) solutions through industry collaborations, customer development programs and recent market wins." |
