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Kulicke & Soffa (KLIC) has shared an announcement.
In line with previous projections during its earnings call, the Company expects to generate around $170 million in revenue, give or take $10 million, for the second fiscal quarter of 2024. Despite anticipating a $15 million revenue drop due to a project cancellation, the Company plans to redirect its development efforts towards promising sectors, including Thermo-compression and Automotive technologies. Further details on the business outlook will be discussed in the upcoming second fiscal quarter earnings call.
For an in-depth examination of KLIC stock, go to TipRanks’ Stock Analysis page.