ASE Technology Net Revenues For September 2023 Declined 22.7% YoY To $1.68B, Sequentially +1.6%; ATM Revenue Fell 16% YoY
Portfolio Pulse from Benzinga Newsdesk
ASE Technology's net revenues for September 2023 declined by 22.7% YoY to $1.68B, but increased sequentially by 1.6%. The company's ATM revenue fell by 16% YoY.
October 11, 2023 | 7:33 am
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ASE Technology's net revenues for September 2023 declined by 22.7% YoY to $1.68B, but increased sequentially by 1.6%. The company's ATM revenue fell by 16% YoY.
The decline in both net revenues and ATM revenue YoY indicates a negative financial performance for ASE Technology. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100