CORRECTION: ASE Tech Holding Q2 2024 GAAP EPADS $0.11 Inline, Sales $4.351B Miss $4.506B Estimate
Portfolio Pulse from Benzinga Newsdesk
ASE Technology Holding reported Q2 2024 GAAP EPADS of $0.11, which was in line with expectations. However, the company missed its sales estimate, reporting $4.351 billion compared to the expected $4.506 billion.
July 25, 2024 | 9:54 am
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ASE Technology Holding reported Q2 2024 GAAP EPADS of $0.11, which met expectations. However, the company missed its sales estimate, reporting $4.351 billion compared to the expected $4.506 billion.
While ASE Technology Holding met its earnings per share expectations, the significant miss on sales estimates is likely to negatively impact the stock price in the short term. Investors often react more strongly to revenue misses as they can indicate underlying business challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100