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Kulicke and Soffa: Fiscal 1Q Earnings Snapshot

SINGAPORE (AP) _ Kulicke and Soffa Industries Inc. (KLIC) on Thursday reported fiscal first-quarter net income of $7.5 million, after reporting a loss in the same period a year earlier.

The Singapore-based company said it had net income of 11 cents per share. Earnings, adjusted for pretax expenses and amortization costs, were 25 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The semiconductor equipment maker posted revenue of $157.2 million in the period.

For the current quarter ending in April, Kulicke and Soffa said it expects revenue in the range of $110 million to $130 million. Analysts surveyed by Zacks had expected revenue of $160 million.

Kulicke and Soffa shares have increased 11 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.53, a decrease of 2 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KLIC at https://www.zacks.com/ap/KLIC