ASE Technology Holding Registers 17.3% YoY Net Revenue Decline To $1.51B, ATM Net Revenue Declines By 20.3% YoY To $856M
Portfolio Pulse from Benzinga Newsdesk
ASE Technology Holding reported a 17.3% YoY decline in net revenue to $1.51B, with ATM net revenue falling 20.3% YoY to $856M.
June 09, 2023 | 7:35 am
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NEGATIVE IMPACT
ASE Technology Holding's net revenue declined 17.3% YoY to $1.51B, and ATM net revenue dropped 20.3% YoY to $856M.
The significant decline in both net revenue and ATM net revenue indicates a negative impact on ASE Technology Holding's financial performance. This could lead to a decrease in investor confidence and potentially result in a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100