ASE Technology Net Revenues For August 2023 Declined 22.4% YoY To $1.66B, Sequentially +5.9%; ATM Revenue Fell 18% YoY
Portfolio Pulse from Benzinga Newsdesk
ASE Technology's net revenues for August 2023 have declined by 22.4% YoY to $1.66B, although they have increased sequentially by 5.9%. The company's ATM revenue fell by 18% YoY.
September 11, 2023 | 7:06 am
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NEGATIVE IMPACT
ASE Technology's revenues have declined significantly YoY, which could negatively impact the company's stock price.
ASE Technology's revenues have declined by 22.4% YoY, which is a significant decrease. This could lead to a decrease in the company's stock price as it indicates a potential decrease in profitability. The company's ATM revenue also fell by 18% YoY, which could further negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100