Kulicke and Soffa (NASDAQ:KLIC) Posts Better-Than-Expected Sales In Q4 But Stock Drops
Semiconductor production equipment company Kulicke & Soffa (NASDAQ: KLIC) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 3% year on year to $166.1 million. On the other hand, next quarter’s revenue guidance of $165 million was less impressive, coming in 4.9% below analysts’ estimates. Its non-GAAP profit of $0.37 per share was 32.1% above analysts’ consensus estimates.