Kulicke And Soffa Industries Slips To Loss In Q1

(RTTNews) - Kulicke and Soffa Industries Inc. (KLIC) Wednesday announced first quarter net loss of $91 thousand, compared to a profit of $7.842 million or $0.10 per share last year.

On average, 4 analysts polled by Thomson Reuters expected the company to record a loss of $0.13 per share. Analysts estimates usually exclude special items.

Net revenue for the quarter edged up to $108.53 million from $107.44 million in the previous year. Wall Street was looking for revenue of $95.30 million.

Looking ahead to the second quarter, the company expects net revenue to be approximately $130 million to $140 million. Analysts expects $0.02 per share on revenue of $129.13 million.