Why Kulicke and Soffa Industries Stock Dropped After Earnings Today
Shares of Singaporean semiconductor equipment manufacturer Kulicke and Soffa Industries (NASDAQ: KLIC) -- a company that makes the machines that assemble the semiconductors that go into other machines -- reported a huge earnings beat Monday morning. Where analysts saw Kulicke earning just $1.14 per share on sales of $332 million, Kulicke instead earned $1.26 per share (pro forma) on sales of more than $340 million. You can hardly fault Kulicke for this strange reaction.
