Why Kulicke & Soffa Industries Stock Rose 15.8% in April

Shares of semiconductor back-end equipment supplier Kulicke & Soffa Industries (NASDAQ: KLIC) rose 15.8% in April, according to data provided by S&P Global Market Intelligence. Although Kulicke and Soffa just reported earnings on May 5, it previewed better-than-expected earnings back on April 19, owing to the incredibly strong demand for semiconductors and LED screens across a wide range of industries. In April, Kulicke upped its guidance for the quarter ending in April to $340 million in revenue and $1.20 in adjusted earnings per share.