ASE Technology Holding Clocks Net Revenue Growth of 3.3% YoY to $1.53B, ATM Net Revenue Grew 0.4% YoY to $801M
Portfolio Pulse from Benzinga Newsdesk
ASE Technology Holding Co., Ltd. (NYSE:ASX) reported a 3.3% year-over-year increase in consolidated net revenues for January 2024, reaching $1.53 billion. However, there was a sequential decrease of 4.0% from December 2023. The ATM assembly, testing, and material business segment saw a modest year-over-year growth of 0.4%, with net revenues of $801 million, also experiencing a sequential decrease of 4.0%.
February 15, 2024 | 7:12 am
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ASE Technology Holding Co., Ltd. (NYSE:ASX) reported a 3.3% YoY increase in net revenues for January 2024, totaling $1.53 billion, with its ATM segment growing by 0.4% YoY to $801 million.
The reported year-over-year growth in net revenues and the ATM segment indicates a positive performance for ASE Technology Holding. Despite the sequential decrease, the YoY growth is likely to be viewed positively by investors, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100