Kulicke &Soffa beats by $0.14, beats on revs; guides Q1 revs above consensus
- Reports Q4 (Sep) GAAP earnings of $0.51 per share, $0.14 better thanthe Capital IQ GAAP Consensus of $0.37; revenues rose 48.0% year/year to $215.89 mln vs the $208.2 mln Capital IQ Consensus.
- Co issues upside guidance for Q1, sees Q1 revs of $185-195 mln vs. $163.66 mln Capital IQ Consensus Estimate.
- Semiconductor unit production, a proxy for equipment demand, is expected to grow at 11.8% sequentially in calendar year 2017. The Company anticipates that in the longer-term, semiconductor unit production will grow at an 8.9% CAGR through calendar 2021, materially higher than the previously completed four-year period CAGR of 3.4%. Looking ahead, the Company's products continue to be aligned with several of the fastest growing end-applications, including sensors, LED and NAND flash memory.
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