UPDATE 1-Kulicke & Soffa Q3 beats, sees strong Q4 rev
Wed Aug 4, 2010 11:26pm BST
* Q3 adj EPS $0.74 vs est $0.53
* Q3 rev up 4 times
* Sees strong Q4 rev
* Shares up 15 pct in post-mkt trade
Aug 4 (Reuters) - Kulicke & Soffa Industries Inc (KLIC.O) posted quarterly results that blew past expectations as demand from customers surged, and forecast strong fourth-quarter revenue, sending its shares up 15 percent in extended trading.
The company, which designs and makes semiconductor assembly equipment, posted third-quarter net income of $49.1 million, or 65 cents a share, compared with a year-ago loss of 15.3 million, or 25 cents a share.
Excluding items, the company earned 74 cents a share, trumping estimates of 53 cents a share, according to Thomson Reuters I/B/E/S. [ID:nASA00M42]
Revenue rose more than four fold to $221.3 million, beating estimates of $205.3 million.
For the fourth quarter, the company expects revenue of $250 million to $260 million, against estimates of $226.9 million.
Shares of the Fort Washington, Pennsylvania-based company were trading up $1.05 at $8.25 in post-market trade. They closed at $7.20 Wednesday on Nasdaq. (Reporting by Sayantani Ghosh in Bangalore; Editing by Aradhana Aravindan)
05-08-2010 13:00 Kulicke & Soffa (VS)