Kulicke & Soffa Industries Inc. Announces 66% Decline In Q4 Profit

(RTTNews) - Kulicke & Soffa Industries Inc. (KLIC) reported a profit for fourth quarter that fell from last year.

The company said its bottom line fell to $9.83 million, or $0.13 per share. This was down from $29.26 million, or $0.38 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 38.8% to $119.17 million. This was down from $194.73 million last year.

Kulicke & Soffa Industries Inc. earnings at a glance:

-Earnings (Q4): $9.83 Mln. vs. $29.26 Mln. last year. -Earnings Decline (Y-o-Y): -66.4% -EPS (Q4): $0.13 vs. $0.38 last year. -EPS Decline (Y-o-Y): -65.8% -Analysts Estimate: $0.17 -Revenue (Q4): $119.17 Mln vs. $194.73 Mln last year. -Revenue Change (Y-o-Y): -38.8%

-Guidance: Next quarter revenue guidance: $90 - $100 Mln