ChipMOS Reports 20.3% Y/Y Increase In November Consolidated Revenue
Portfolio Pulse from Benzinga Newsdesk
ChipMOS, a semiconductor service company, reported a 20.3% year-over-year increase in its consolidated revenue for November 2023, reaching NT$1,873.9 million or $59.9 million. However, this represents a 4.9% decrease from the revenue in October 2023.
December 08, 2023 | 11:01 am
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ChipMOS reported a significant year-over-year revenue increase for November 2023, indicating strong demand for its services despite a slight month-over-month decline.
The reported 20.3% year-over-year revenue increase is a strong indicator of growth and likely to be viewed positively by investors. The month-over-month decrease is relatively small and may be attributed to short-term fluctuations, thus the overall impact is expected to be positive on the stock price in the short term.
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