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Kulicke & Soffa Indus Sees Q4 Adj EPS $1.28-$1.56 vs $1.12 Est; Sees Sales $355.000M-$395.000M vs $328.800M Est
Kulicke & Soffa Indus (NASDAQ:KLIC) is looking for Q4 Adj EPS of $1.28-$1.56 vs $1.12 analyst estimate. sees sales of $355.000 million-$395.000 million vs $328.800 million analyst estimate.
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Why Kulicke & Soffa Stock Slumped by Nearly 10% Today
Kulicke & Soffa Industries stock fell nearly 10% after announcing Raj Talluri as its new permanent CEO, replacing interim CEO Lester Wong. The decline appears driven by concerns over the lengthy succession process in a fast-moving industry and profit-taking following strong Q3 earnings. Analyst expects the stock to rebound.
Shares of semiconductor and chip companies are trading lower amid rising oil prices and bond yields, prompting inflation concerns. Also, declining memory chip companies may weigh on the broader industry.
Kulicke and Soffa Industries Names Dr. Raj Talluri As President And Chief Executive Officer, Effective September 1, 2026