Kulicke And Soffa Industries Q2 Profit Decreases - Quick Facts

(RTTNews) - Kulicke and Soffa Industries, Inc. (KLIC) reported second-quarter net income of $7.9 million or $0.10 per share, compared to $9.1 million or $0.12 per share, prior year.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.12 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $145.2 million from $114.2 million last year. Analysts expected revenue of $140.0 million for the quarter.

Bruno Guilmart, Kulicke & Soffa's CEO, said, "We performed well this quarter, generating revenue slightly above the high-end of our guided range. Our financial results, during a quarter of significant ongoing investments in product development, are supported by our large install base and overall exposure to higher-growth opportunities within end markets such as memory, mobility, connectivity devices and sensors."

The company currently expects net revenue in the third quarter of 2015, ending June 27, 2015, to be in the range of approximately $160 million to $170 million. Analysts expect the company to report third-quarter revenue of $197.22 million.