Kulicke & Soffa (KLIC) Raises Q4 Revenue Guidance
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Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) raised its revenue outlook for its fiscal fourth quarter ending October 3, 2009. The Company now expects net revenue for the fourth fiscal quarter to be in the range of $100 to $105 million, an increase from the previously forecasted range of $85 to $90 million and the consensus of $86.7 million.
CEO Scott Kulicke said, "The recovery in overall business conditions that began near the end of our March quarter is continuing. Improvements are being seen in all areas of our business, particularly in ball bonders, wedge bonders and expendable tools."
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