Kulicke & Soffa reports Q1 adjusted EPS 30c, consensus 26c

Reports Q1 revenue $171.2M, consensus $172.01M. Fusen Chen, Kulicke & Soffa’s President and CEO, stated, “While Automotive and Power Semiconductor weakness has impacted the industry, as well as our fiscal Q2 outlook, we anticipate semiconductor unit growth will return to a more normal growth rate later this fiscal year. As the market growth returns, we anticipate reaching new milestones across our specific K&S opportunities within Advanced Packaging, Advanced Display and Advanced Dispense.”