Kulicke & Soffa
announced first-quarter earnings Thursday that beat Wall Street's lowered estimates by 5 cents.
The Willow Grove, Pa.-based semiconductor equipment firm said earnings were $2.6 million, or 5 cents a share, for the fiscal first-quarter ending Dec. 31, 2000. Ten analysts surveyed by
First Call/Thomson Financial
expected the company to be breakeven for the quarter. In the year-ago quarter, Kulicke & Soffa earned 26 cents per share.
Revenue was $155.4 million, down 13% from the $179.8 million reported in the same quarter one year ago.
The company expects to report revenue of $145 million to $170 million in the second quarter, said Chairman and Chief Executive Officer C. Scott Kulicke. This compares with the analysts' consensus of $155 million in second-quarter revenue.
Shares of Kulicke rose 38 cents, or 2.4%, to $16.31 in recent