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
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
RELATED NEWS
Trade ASX now with 
Follow RTT