Kulicke & Soffa (KLIC) this afternoon tried to put a happy face on a troubling story.
The semiconductor equipment company said revenue for its fiscal fourth quarter ended October 2 will be at the upper end of its previous guidance range of $250 million to $260 million.
But new CEO Bruno Guilmart, who took over the top post from Scott Kulicke on October 1, also noted in a statement that while the company had previously expected December quarter revenue to be about flat with the September quarter, “given softening industry conditions, it now appears that December quarter revenue will be significantly below the September level.”
Trading in KLIC is currently halted in the after hours session.
Update: Trading has resumed. KLIC is down 53 cents, or 8.2%, to $5.96.
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