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An update from Kulicke & Soffa ( (KLIC) ) is now available.
Kulicke & Soffa announced the cessation of its EA equipment business, which is expected to result in significant financial changes. The company anticipates a reduction in revenue by $25 million to $29 million, a decrease in gross profit by $7 million to $11 million, and a drop in operating expenses by $24 million to $28 million, impacting its long-term financial model.
More about Kulicke & Soffa
YTD Price Performance: -28.75%
Average Trading Volume: 556,482
Technical Sentiment Signal: Buy
Current Market Cap: $1.76B
For an in-depth examination of KLIC stock, go to TipRanks’ Stock Analysis page.