Kulicke and Soffa Industries Inc reports results for the quarter ended June 30 - Earnings Summary

• Kulicke and Soffa Industries Inc KLIC reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 35 cents. The mean expectation of five analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 5 cents to 6 cents per share.

• Revenue fell 18.3% to $148.41 million from a year ago; analysts expected $145.47 million.

• Kulicke and Soffa Industries Inc's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of $3.29 million.

• Kulicke and Soffa Industries Inc shares had fallen by 6.5% this quarter and lost 30.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 68.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"

• Wall Street's median 12-month price target for Kulicke and Soffa Industries Inc is $38.50, about 16.6% above its last closing price of $32.11

This summary was machine generated from LSEG data August 6 at 10:39 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)