logo
  

Kulicke And Soffa Industries Q1 Profit Tops View

Kulicke and Soffa Industries Inc. (KLIC) reported that its first quarter net income climbed to $133.61 million or $2.11 per share, from $48.36 million or $0.77 per share in the same quarter last year.

Non-GAAP net income was $138.82 million or $2.19 per share compared to $53.69 million or $0.86 per share in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.90 per share for the first quarter. Analysts' estimates typically exclude special items.

Net revenue grew to $460.89 million, from $267.86 million in the prior year. Analysts expected revenue of $462.74 million for the quarter.

The company currently expects net revenue in the second fiscal quarter of 2022 ending April 2, 2022 to be approximately $380 million +/- $20 million, and expects non-GAAP earnings per share to be approximately $1.45 +/- 10%. Analysts expect the company to report earnings of $1.32 per share and revenues of $373.49 million for the second quarter.

The company currently anticipates revenue for its full fiscal year 2022 to increase sequentially to about $1.58 billion. Analysts expect revenue of $1.58 billion for fiscal year 2022.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Despite fears of inflation, consumers spent $9.12 billion for online shopping during Black Friday, higher than in previous years, as per a report published by Adobe Analytics. During the 2022 holiday season, total estimated revenues are $209.7 billion, a growth of 2.5 percent from last year's recorded revenues of $205 billion. Weis Markets, Inc., a Mid Atlantic food retailer, has recalled 108 containers of Weis Quality Sea Salt Caramel Ripple Ice Cream citing possible presence of undeclared soy and coconut allergens, the U.S. Food and Drug Administration said. The recalled product comes in 48oz containers that says Weis Quality Sea Salt Caramel Ripple Ice Cream, while the lid says Weis Quality Caramel Caribou Ice Cream Amazon.com Inc. plans to spend more than $1 billion annually to produce movies that will get a theatrical release, Bloomberg reported, citing people familiar with the matter. The online retailer giant, which acquired movie maker MGM Studios earlier this year for $8.45 billion, is likely to produce between 12 and 15 movies each year for movie theaters.
RELATED NEWS
Follow RTT