ASE Technology Net Revenues For July 2023 Declined 20% YoY To $1.56B, Sequentially +2.6%; ATM Revenue Fell 22.8% YoY
Portfolio Pulse from Benzinga Newsdesk
ASE Technology's net revenues for July 2023 have declined by 20% YoY to $1.56B, although they have increased sequentially by 2.6%. The company's ATM revenue fell by 22.8% YoY.
August 09, 2023 | 7:30 am
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ASE Technology's net revenues for July 2023 have declined by 20% YoY, which could negatively impact the company's stock price.
A significant year-on-year decline in net revenues, as reported by ASE Technology, could be a negative signal to investors, potentially leading to a decrease in the company's stock price. The 22.8% YoY fall in ATM revenue further exacerbates this situation.
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