Kulicke & Soffa Industries Inc. Q2 Profit Increases, beats estimates

(RTTNews) - Kulicke & Soffa Industries Inc. (KLIC) announced a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $116.00 million, or $1.86 per share. This compares with $71.32 million, or $1.13 per share, in last year's second quarter.

Excluding items, Kulicke & Soffa Industries Inc. reported adjusted earnings of $121.46 million or $1.95 per share for the period.

Analysts on average had expected the company to earn $1.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.0% to $384.28 million from $340.16 million last year.

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

-Earnings (Q2): $116.00 Mln. vs. $71.32 Mln. last year. -EPS (Q2): $1.86 vs. $1.13 last year. -Analyst Estimate: $1.47 -Revenue (Q2): $384.28 Mln vs. $340.16 Mln last year.

-Guidance: Next quarter revenue guidance: $346 - $385 Mln