Kulicke & Soffa Industries Inc. Q2 net loss of $102.7M, EPS $(1.83), and low margins.
Kulicke & Soffa Industries Inc. (KLIC) reported a Q2 net loss of $102.7 million, significantly below estimated net income, and an EPS of $(1.83), below the estimated $0.24. Revenue was $172.1 million, slightly above estimates. The company's gross margin dropped to 9.6% and operating margin was -61.1%. K&S repurchased 0.8 million shares for $37.3 million, demonstrating ongoing return of capital to shareholders.
May 01, 2024
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