NasdaqGS:KLICSemiconductor
Is Kulicke and Soffa's (KLIC) Buyback Amid Losses a Signal of Management Confidence or Caution?
Kulicke and Soffa Industries recently released its third quarter results, reporting a decrease in sales to US$148.41 million and a net loss of US$3.29 million, along with new fourth quarter guidance anticipating net revenue of around US$170 million and diluted EPS of approximately US$0.08.
Over the same period, the company completed a share buyback of 668,000 shares for US$21.63 million, representing around 1.26% of its shares outstanding.
We’ll examine how the company’s decision to provide...