Kulicke & Soffa Industries Inc. Q2 Profit Decreases, but beats estimates

(RTTNews) - Kulicke & Soffa Industries Inc. (KLIC) revealed earnings for second quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $15.041 million, or $0.26 per share. This compares with $116.001 million, or $1.86 per share, in last year's second quarter.

Excluding items, Kulicke & Soffa Industries Inc. reported adjusted earnings of $21.929 million or $0.38 per share for the period.

Analysts on average had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 55.0% to $173.021 million from $384.282 million last year.

Kulicke & Soffa Industries Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $15.041 Mln. vs. $116.001 Mln. last year. -EPS (Q2): $0.26 vs. $1.86 last year. -Analyst Estimates: $0.26 -Revenue (Q2): $173.021 Mln vs. $384.282 Mln last year.

-Guidance: Next quarter EPS guidance: ~$0.32 +/- 10% Next quarter revenue guidance: ~$190 +/- $20million