Why Kulicke & Soffa Stock Rose 39.8% in February
Shares of Kulicke & Soffa Industries (NASDAQ: KLIC) rose 39.8% in February, according to data provided by S&P Global Market Intelligence. The semiconductor-equipment stock rose with generally bullish news around the semiconductor space, along with the release of the company's quarterly earnings report in the beginning of the month.
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Kulicke & Soffa's quarterly results were terrific, blasting through analyst expectations for both revenue and earnings per share. For the quarter, revenue surged 50.8% year over year, and adjusted earnings per share rocketed 196.6% for good measure.
Source Fool.com
