Thursday, August 5, 2010

Kulicke and Soffa Report Positive Q3 Earnings

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Kulicke and Soffa Inc. (NASDAQ: KLIC) increased 13.19% from $7.20 to $8.15 at 8:35 AM EST this morning in pre-market trading following a third quarter profit of $0.65 per share and a revenue of $221.3 million.  Original estimates placed quarter earnings at $0.53 a share with a revenue of $205.3 million.  The company has also traded 51,510, compared with a daily average 2,244,910.  This move comes during a 52-week range of $4.03 â€" $9.58.

Kulicke and Soffa Inc. make semiconductor assembly equipment.  The company has announced that they expect a revenue of $250 million to $260 million for the fourth quarter.

-Michael B. Sauter

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