Kulicke & Soffa Industries Inc. (KLIC) has released its financial results for the fourth quarter, revealing a decrease in earnings compared to the same period last year and falling short of Wall Street projections.
The company's earnings amounted to $12.12 million, or $0.22 per share, a decline from $23.36 million, or $0.41 per share, reported during the fourth quarter of the previous year.
On an adjusted basis, excluding special items, Kulicke & Soffa reported earnings of $18.52 million or $0.34 per share for this quarter.
Analysts had anticipated earnings of $0.35 per share, as estimated by Thomson Reuters. It is common practice for analysts' projections to exclude extraordinary items.
The company's revenue for the quarter experienced a 10.4% decline, dropping to $181.32 million from $202.32 million in the prior year.
The financial highlights for Kulicke & Soffa Industries Inc. (GAAP) for the fourth quarter are as follows:
- Earnings: $12.12 million compared to $23.36 million last year
- Earnings per Share (EPS): $0.22 versus $0.41 in the previous year
- Revenue: $181.32 million compared to $202.32 million last year
**Guidance:** For the next quarter, the company anticipates revenue in the range of $155 million to $175 million.
