Kulicke & Soffa Industries Inc. Earnings Decline 36% In Q2

(RTTNews) - Kulicke & Soffa Industries Inc. (KLIC) announced a profit for second quarter that lost ground from last year.

The company said its profit dropped to $5.09 million, or $0.07 per share. This was down from $7.93 million, or $0.10 per share, in last year's second quarter.

Analysts had expected the company to earn $0.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.7% to $156.40 million. This was up from $145.23 million last year.

Kulicke & Soffa Industries Inc. earnings at a glance:

-Earnings (Q2): $5.09 Mln. vs. $7.93 Mln. last year. -Earnings Decline (Y-o-Y): -35.8% -EPS (Q2): $0.07 vs. $0.10 last year. -EPS Decline (Y-o-Y): -30.0% -Analysts Estimate: $0.04 -Revenue (Q2): $156.40 Mln vs. $145.23 Mln last year. -Revenue Change (Y-o-Y): 7.7%

-Guidance: Next quarter revenue guidance: $195 Mln to $205 Mln