Investing.com - Kulicke&Soffa reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kulicke&Soffa announced earnings per share of $1.19 on revenue of $286.3M. Analysts polled by Investing.com anticipated EPS of $0.98 on revenue of $277M.
Kulicke&Soffa shares are down 24% from the beginning of the year , still down 37.94% from its 52 week high of $73.45 set on Thursday, December 9, 2021.
Kulicke&Soffa shares lost 5.66% in after-hours trade the report.
Kulicke&Soffa follows other major Information Technology sector earnings this month
Kulicke&Soffa's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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