Kulicke And Soffa Industries, I (NASDAQ:KLIC)

Kulicke & Soffa Industries, Inc. today announced that the Company expects revenue for its fourth fiscal quarter, ending October 2, 2010, will be at the upper end of the previously stated range of $250 to $260 million.

Commenting on the fourth quarter, Bruno Guilmart stated, “The combination of industry growth and market share gains have driven what will be an all-time record for quarterly revenue from continuing operations, but we have recently seen softness in forecasted demand. In our June quarter earnings release, we stated that although it was too early to provide December quarter guidance, we expected December quarter revenue to be about comparable to the September quarter. Given softening industry conditions, it now appears that December quarter revenue will be significantly below the September level.” The Company will provide additional guidance when it announces its full fiscal fourth quarter results.

Scott Kulicke, Chairman and Chief Executive Officer, stated, “We are able to give revenue guidance for the June quarter a few weeks earlier than normal because of unprecedented demand for both ball bonders and wedge bonders. Based on booked orders, we expect June quarter revenue of approximately $205 million. This same strength in demand gives us visibility into the beginning of the September quarter and while it is too early to give guidance for that quarter, so far we are seeing a continuation of current customer demand patterns.”

Analyst revenue estimate for the June quarter is currently $137.9 million.

Source: Business Wire (April 13, 2010 - 5:00 PM EDT)