Key Developments For Kulicke and Soffa Industries, Inc.
Kulicke and Soffa Industries, Inc. (KLIC.O) (Consolidated Issue listed on NASDAQ Global Market)
Kulicke and Soffa Industries, Inc. Issues Q1 2010 Revenue Guidance Above Analysts' Estimates
Kulicke and Soffa Industries, Inc. announced that for the first quarter of 2010, it expects net revenue to be in the range of $115-$120 million. According to Reuters Estimates, analysts are expecting the Company to report revenue of $110 million for the same period.
Kulicke and Soffa Industries, Inc. Raises Q4 2009 Revenue Guidance
Kulicke and Soffa Industries, Inc. raised its fourth quarter 2009 revenue guidance and expects net revenue to be in the range of $100-$105 million, an increase from the prior guidance range of $85-$90 million. According to Reuters Estimates, analysts are expecting the Company to report revenues of $87 million for the same period.
Kulicke and Soffa Industries, Inc. Prices Common Stock Offering
Kulicke and Soffa Industries, Inc. announced that it has priced an underwritten public offering of 7.0 million newly issued shares of its common stock at a public offering price of $5.00 per share. Jefferies & Company, Inc. is the sole underwriter for this offering. The Company has granted the underwriter a 30 day option to purchase up to 1.0 million additional shares to cover over allotments, if any. The offering is expected to close on August 11, 2009. The Company intends to use the net proceeds from the offering to fund working capital requirements and for general corporate purposes.
Kulicke and Soffa Industries, Inc. Announces Public Offering of Up To 7.0 Million Shares of Common Stock
Kulicke and Soffa Industries, Inc. announced that it has commenced an underwritten public offering of up to 7.0 million shares of its common stock pursuant to the Company's effective shelf registration statement filed with the Securities and Exchange Commission (the SEC). Jefferies & Company, Inc. will serve as sole underwriter for this offering. The underwriter will also have the option to purchase up to an additional 1.0 million shares of common stock from the Company at the public offering price, less underwriting discounts and commissions, within 30 days, solely to cover over allotments, if any. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company intends to use the net proceeds from the offering to fund working capital requirements and for general corporate purposes.
Kulicke and Soffa Industries, Inc. Issues Q4 2009 Revenue Guidance Above Analysts' Estimates
Kulicke and Soffa Industries, Inc. announced that for fourth quarter of 2009, it expects net revenue to be in the range of $85 to $90 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $46 million for fourth quarter of 2009.
