Kulicke & Soffa Industries Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - Kulicke & Soffa Industries Inc. (KLIC) reported a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $12.26 million, or $0.22 per share. This compares with $4.16 million, or $0.07 per share, in last year's third quarter.

Excluding items, Kulicke & Soffa Industries Inc. reported adjusted earnings of $19.31 million or $0.35 per share for the period.

Analysts on average had expected the company to earn $0.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.9% to $181.650 million from $190.917 million last year.

Kulicke & Soffa Industries Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $12.26 Mln. vs. $4.16 Mln. last year. -EPS (Q3): $0.22 vs. $0.07 last year. -Revenue (Q3): $181.650 Mln vs. $190.917 Mln last year.