Friday, September 28, 2012

Kulicke & Soffa Sees FY Q2, Q3 Revenues Above Street Ests

Kulicke & Soffa (KLIC) late Tuesday said it expects to report revenue for its fiscal second quarter ended April 3 of about $153 million; the company also said it expects June quarter revenue of about $205 million. The Street had been expecting $146.4 million for the March quarter – and $143.1 million for the June quarter.

CEO Scott Kulicke said in a statement that it is seeing “unprecedented demand for both ball bonders and wedge bonders,” tools used by the chip industry.

In late trading, KLIC jumped $1.36, or 17.3%, to $9.22.

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