Kulicke And Soffa Industries Slips To Loss In Q1 - Quick Facts

(RTTNews) - Kulicke and Soffa Industries Inc. (KLIC) reported that its first-quarter net loss was $1.96 million or $0.03 per share, compared to net income of $3.60 million or $0.05 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report a loss of $0.09 per share. Analysts' estimates typically exclude special items.

Total net revenue for the quarter declined to $79.11 million from $114.04 million in the prior year quarter. Two analysts had consensus revenue estimate of $79.45 million for the quarter.

The company expects net revenue in the second fiscal quarter of 2014 ending March 29, 2014 to be approximately $110 million to $120 million. Two analysts have consensus revenue estimate of $121.40 million for the second-quarter.

Looking forward, Bruno Guilmart, the company's President and Chief Executive Officer, said, "According to Gartner and VLSI Research, 2014 and 2015 semiconductor unit growth forecasts are anticipated to significantly outpace the prior two calendar years. This positive market outlook combined with our operational model, growing balance sheet, core market strength and ongoing investments in advanced packaging allows us to look ahead with continued optimism."