logo
Share SHARE
FONT-SIZE Plus   Neg

Advanced Semiconductor Engineering March Revenue Falls - Update

Advanced Semiconductor Engineering, Inc. (ASX), or ASE, on Monday reported a fall in revenue for March from last year, while revenue improved sequentially from the prior month.

The Kaohsiung, Taiwan-based company provides semiconductor packaging and testing services in the U.S., Taiwan, Asia and Europe.

Net revenues for March slipped 7 percent from last year to T$15.365 billion ($521 million) from T$16.527 billion in the prior year. Sequentially, revenues grew 8.4 percent.

For the first quarter, revenue dropped 6.3 percent to T$43.101 billion and declined 7.1 percent from the prior quarter.

ASE noted that from February 1, 2010, Universal Scientific Industrial Co., Ltd.'s consolidated revenues were consolidated into its consolidated revenues.

Net revenues for the ATM assembly test and material business, excluding USI, for March slipped 5.4 percent from last year to T$10.405 billion. For the quarter, revenue dropped 5.3 percent to T$29.24 billion.

ASX closed on Thursday at $5.00, up $0.01, on a volume of 1.42 million shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Live-streaming video platform Twitch said it will launch a new affiliate program for non-partnered streamers that will allow them to earn money as they broadcast on the platform. This will be similar to YouTube's Partner program and is part of Twitch's efforts to broaden its appeal. Chocolate company Hershey Co. said it will increase the visibility of nutrition information and portion options of its snacks as well as reduce the sweets' calorie count. The move is part of the company's ongoing efforts to offer a broad range of snacks and clear information in response to feedback from consumers, who are shifting to healthier foods. The Coca-Cola Company (KO) reported a profit for the first-quarter of 2017 that declined 20 percent from the prior year. Net revenues declined 11%, reflecting unfavorable impacts from structural changes of 10% and foreign currency of 1%. The company remains on track to deliver its underlying revenue and profit targets for the full year.
comments powered by Disqus
Follow RTT