Kulicke & Soffa
reported a wider loss on better-than-expected revenue in its fourth quarter and gave an estimate for first-quarter revenue that is slightly below estimates.
The chip-equipment maker lost $195 million, or $3.95 a share, in the fourth quarter, including a $74 million goodwill writedown and other charges, compared with a loss of $24.3 million, or 50 cents a share, last year. Revenue rose to $122.2 million, better than the $111.7 million analysts were expecting, according to First Call.
The company predicted first-quarter revenue of $95 million to $105 million; analysts were expecting $115.5 million. Net bookings for the quarter were $110 million, while backlog at Sept. 30 was $54.0 million, compared with $49.0 million a year earlier.
Kulicke's shares shot up 15.6% to $3.77 on Thursday.