Shares of Kulicke & Soffa Industries (NASDAQ: KLIC) jumped today, up by 11% as of 3 p.m. EST, after the company reported fiscal first-quarter earnings. The company also said it has acquired Uniqarta.
Revenue in the fiscal first quarter was $267.9 million, ahead of the $264.9 million in sales that Wall Street analysts were modeling for. That resulted in adjusted net income of $53.7 million, or $0.86 per share. The consensus estimate had called for just $0.75 per share in adjusted profits. The company, which provides capital equipment to the semiconductor industry , has acquired Uniqarta for its patent portfolio and intellectual property rights after previously working with Uniqarta to commercialize its LED die transfer technology.
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Why Kulicke & Soffa Stock Jumped Today