ASE Tech Holding Co Q2 EPADS $0.12 Beats $0.09 Estimate, Sales $4.44B Miss $4.50B Estimate
Portfolio Pulse from Benzinga Newsdesk
ASE Tech Holding Co (NYSE:ASX) reported Q2 earnings of $0.12 per share, beating the analyst consensus estimate of $0.09 by 27.78%. However, the company's quarterly sales of $4.44 billion missed the analyst consensus estimate of $4.50 billion by 1.33%. This represents a 53.44% decrease in earnings and an 18.64% decrease in sales compared to the same period last year.
July 27, 2023 | 7:15 am
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ASE Tech's Q2 earnings beat estimates but sales missed, marking a decrease in both earnings and sales compared to last year.
While ASE Tech beat earnings estimates, the miss on sales and the overall decrease in both earnings and sales compared to the same period last year could lead to mixed reactions in the market, potentially keeping the stock price stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100