ASE Tech Holding Co Q3 EPS $0.13 Misses $0.13 Estimate, Sales $4.87B Miss $5.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
ASE Tech Holding Co (NYSE:ASX) reported Q3 earnings of $0.13 per share, missing the analyst consensus estimate by 2.31%. This is a 51.15% decrease from the same period last year. The company also reported quarterly sales of $4.87 billion, missing the analyst consensus estimate of $5.12 billion by 4.92%. This is a 22.32% decrease from the same period last year.
October 26, 2023 | 7:39 am
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NEGATIVE IMPACT
ASE Tech Holding Co's Q3 earnings and sales missed estimates, indicating a potential negative impact on the company's stock price.
The company's earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This, combined with the significant decrease in earnings and sales compared to the same period last year, could lead to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100