The semiconductor equipment maker reported higher-than-expected earnings and revenue for the quarter, exceeding analyst projections.
Kulicke and Soffa posted non-GAAP earnings per share of $0.79, surpassing estimates by $0.12. Revenue reached $242.62M, beating forecasts by $12.62M.
Analysts had anticipated lower earnings and revenue for the period, with prior consensus estimates centered around $0.67 per share and $230M in revenue. The company’s performance reflects stronger demand in the semiconductor equipment sector.
Shares may see upward pressure as investors react to the better-than-expected results.