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
Delta Airlines becomes the latest airline to experience pet transport disaster. An 8-week-old puppy was flown across the country to the wrong airports by Delta Airlines landing in Detroit, Las Vegas and Salt Lake City before finally making to Idaho. On Saturday, a breeder put Josh Schlaich's new,... Facebook stock is plunging due to self-inflicted wounds. What was once America's favorite social media site is being a accused of turning into a cesspool of misinformation and narcissism. Facebook Inc.'s security chief, Alex Stamos, plans to step down from the company amid questions over Russia's... Media company Tronc, Inc. said Monday that Michael Ferro has stepped down as chairman of its board of directors. The company named Chief Executive Justin Dearborn as chairman of the board. Tronc noted that Ferro, its largest shareholder, is retiring from the board as the company prepares to close on the $500 million sale of its flagship newspaper, the Los Angeles Times, to local ownership.
comments powered by Disqus
Follow RTT