Kulicke & Soffa Indus: Q2 Earnings Insights

Kulicke & Soffa Indus (NASDAQ:KLIC) reported its Q2 earnings results on Wednesday, May 3, 2023 at 04:05 PM.…

Kulicke & Soffa Indus (NASDAQ:KLIC) reported its Q2 earnings results on Wednesday, May 3, 2023 at 04:05 PM.

Here’s what investors need to know about the announcement.

Earnings

Kulicke & Soffa Indus beat estimated earnings by 46.15%, reporting an EPS of $0.38 versus an estimate of $0.26.

Revenue was down $211.26 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.13 which was followed by a 8.69% increase in the share price the next day.

Here’s a look at Kulicke & Soffa Indus’s past performance:

Quarter Q1 2023 Q4 2022 Q3 2022 Q2 2022
EPS Estimate 0.24 0.98 1.59 1.47
EPS Actual 0.37 1.19 2.09 1.95
Revenue Estimate 176.48M 277.00M 367.25M 380.25M
Revenue Actual 176.23M 286.31M 372.14M 384.28M

To track all earnings releases for Kulicke & Soffa Indus visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

Total
0
Shares
Related Posts
Read More

RIV Capital Reports YoY Increase In Q1 Revenue, Gross Profit Ahead Of Merger With Cansortium To Create Four-State Cannabis Company

Cannabis-focused acquisition and investment firm RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) released on Thursday its financial results for the first quarter ended March 31, 2024.Mike Totzke, the company's COO and interim CEO, called the first quarter "pivotal" referring to the official launch of the company's recreational cannabis operations in New York. The company opened its first adult-use dispensary in White Plains.

CNPOF