ASE Technology Reported March 2024 Revenue of $1.45B, Down by 3.4% YoY, Q1 Revenue of $4.24B, Down by 1.4% YoY
Portfolio Pulse from Benzinga Newsdesk
ASE Technology Holding Co., Ltd. (NYSE:ASX) reported a decrease in revenue for March 2024 and Q1 2024. March revenue was $1.45 billion, down 3.4% YoY, while Q1 revenue reached $4.24 billion, marking a 1.4% decrease YoY.
April 09, 2024 | 7:05 am
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ASE Technology Holding Co., Ltd. (NYSE:ASX) experienced a decline in both March 2024 and Q1 2024 revenues, with a 3.4% and 1.4% decrease YoY respectively.
The reported decrease in revenue for both March 2024 and the first quarter of 2024 indicates a potential negative impact on investor sentiment and stock performance in the short term. The year-over-year decline in revenue is a critical metric that investors often use to gauge a company's financial health and growth prospects. Given that ASE Technology is a significant player in the semiconductor industry, these revenue figures are particularly relevant and could influence stock price movement negatively in the short term.
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