Kulicke & Soffa Industries (Nasdaq: KLIC ) reported earnings on July 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q3), Kulicke & Soffa Industries beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted.
Margins grew across the board.
Kulicke & Soffa Industries reported revenue of $255.5 million. The two analysts polled by S&P Capital IQ predicted a top line of $239.6 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $294.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.91. The two earnings estimates compiled by S&P Capital IQ predicted $0.70 per share. GAAP EPS of $0.90 for Q3 were 5.3% lower than the prior-year quarter's $0.95 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 47.9%, 240 basis points better than the prior-year quarter. Operating margin was 30.1%, 230 basis points better than the prior-year quarter. Net margin was 26.7%, 270 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $240.0 million. On the bottom line, the average EPS estimate is $0.65.
Next year's average estimate for revenue is $754.1 million. The average EPS estimate is $1.97.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 304 members out of 317 rating the stock outperform, and 13 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Kulicke & Soffa Industries a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kulicke & Soffa Industries is outperform, with an average price target of $14.33.
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