ChipMOS Q1 Revenue Increased 17.7% YoY To NT$5.418B Or $169.7M; March Revenue Up 5.2% YoY To NT$1.933B Or $60.5M
Portfolio Pulse from Benzinga Newsdesk
ChipMOS reported a Q1 2024 revenue of $169.7M, up 17.7% YoY but down 5.4% from Q4 2023. March 2024 revenue rose to $60.5M, marking a 5.2% increase YoY and 8.8% from February 2024. The company attributes growth to inventory stabilization and demand recovery in memory products.
April 10, 2024 | 10:17 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ChipMOS's Q1 2024 revenue increased by 17.7% YoY to $169.7M, with March revenue also showing growth. The company is experiencing positive momentum from inventory stabilization and demand recovery in memory products.
The reported increase in revenue for both Q1 2024 and March 2024, coupled with the company's positive outlook on inventory stabilization and demand recovery in memory products, suggests a strong performance that could positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100