Kulicke and Soffa Industries falls 16% after missing Q3 expectations
Kulicke and Soffa Industries Inc. (Nasdaq:KLIC) is down 16% after the maker of packaging materials posted a third-quarter loss of $1.8 million, or $0.03 per share, versus a profit of $5.5 million, or $0.08 per share, a year earlier. Wall Street was anticipating breakeven earnings.
Quarterly revenue rose to $180.1 million from $168.6 million a year earlier. Wall Street was looking for $182.6 million.
In Wednesday morning trading, KLIC is down 16.72%, or $1.11, to $5.53. For detailed price information and recent news stories about Kulicke and Soffa Industries, click KLIC.
About the Author
Reporter Will Atkinson is based in SmallCapInvestor.com's Washington, D.C. bureau.
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