Shares of Singaporean semiconductor equipment manufacturer Kulicke and Soffa Industries (NASDAQ: KLIC) -- a company that makes the machines that assemble the semiconductors that go into other machines -- reported a huge earnings beat Monday morning. Then its stock dropped, falling 12.2% through 3:30 p.m. EDT.
Where analysts saw Kulicke earning just $1.14 per share on sales of $332 million, Kulicke instead earned $1.26 per share (pro forma) on sales of more than $340 million.
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Why Kulicke and Soffa Industries Stock Dropped After Earnings Today