Kulicke & Soffa misses by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; Announces new $300 mln share repurchase program, raises quarterly dividend
4:10 PM ET 11/13/24 | Briefing.com
Reports Q4 (Sep) earnings of $0.34 per share, excluding non-recurring items, $0.01 worse than the FactSet Consensus of $0.35; revenues fell 10.4% year/year to $181.3 mln vs the $180.03 mln FactSet Consensus.Gross margin of 48.3%.Raises Quarterly Dividend: Authorizes a quarterly dividend of $0.205 per share of common stock, representing a $0.005 increase over its most recent dividend.Expands Repurchase Authorization: Expands its shareholder return activities with a new $300 million share repurchase program authorized by its Board of Directors. This new program will begin after the completion of the Company's existing $800 million share repurchase program.Co issues downside guidance for Q1, sees EPS of $0.28, +/- 10%, equating to EPS of $0.25-$0.31, excluding non-recurring items, vs. $0.33 FactSet Consensus; sees Q1 revs of $165.0 mln, +/- $10 mln, equating to $155-$175 mln vs. $183.58 mln FactSet Consensus.
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