ChipMOS TECHNOLOGIES Q1 2024 Adj EPADS $0.38 Misses $0.57 Estimate, Sales $169.700M Miss $5.175B Estimate
Portfolio Pulse from Benzinga Newsdesk
ChipMOS TECHNOLOGIES (NASDAQ:IMOS) reported Q1 2024 adjusted EPS of $0.38, missing the consensus estimate of $0.57 by 33.33%. Quarterly sales were $169.7M, significantly below the $5.175B estimate, marking a 96.72% miss but a 12.31% increase from the previous year.
May 09, 2024 | 7:04 am
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ChipMOS TECHNOLOGIES reported significantly lower Q1 2024 earnings and sales than expected, missing EPS and sales estimates by a wide margin.
The substantial miss in both earnings per share and sales compared to analyst expectations is likely to negatively impact investor sentiment and the stock price of ChipMOS TECHNOLOGIES in the short term. The significant discrepancy between expected and reported figures suggests operational or market challenges that could concern investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100