ASE Tech Holding Co Q1 2024 GAAP EPS $0.08 Misses $0.10 Estimate, Sales $4.243 Miss $4.410B Estimate
Portfolio Pulse from Benzinga Newsdesk
ASE Tech Holding Co (NYSE:ASX) reported Q1 2024 earnings of $0.08 per share, missing the $0.10 estimate, and sales of $4.243B, below the $4.410B estimate. This represents an earnings decrease of 4.65% and a sales decrease of 100% from the same period last year.
April 25, 2024 | 6:53 am
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ASE Tech Holding Co reported lower than expected Q1 2024 earnings and sales, missing estimates and showing a decrease from the previous year.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term. The reported decrease in earnings and sales from the same period last year further compounds the potential negative impact on ASX's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100