More on Kulicke & Soffa (KLIC) FQ1 earnings: A $1.8M adjustment related to the company's...

|About: Kulicke and Soffa Indust... (KLIC)|By:, SA News Editor

More on Kulicke & Soffa (KLIC) FQ1 earnings: A $1.8M adjustment related to the company's RISC grant knocked $0.02 off of earnings (equal to the bottom line miss). Cash hoard grew $53.9M to $494.2M vs. a market cap of $950M and no debt - still no word on dividends or buybacks. Outlook for FQ2 is a weak one - revenue of $90M-$100M vs. consensus of $127M. Shares -5.5% premarket. (PR)