ASE Tech Holding Co Q3 2024 GAAP EPADS $0.13 Misses $0.15 Estimate, Sales $4.960 Miss $5.146B Estimate
Portfolio Pulse from Benzinga Newsdesk
ASE Tech Holding Co reported Q3 2024 earnings per share of $0.13, missing the analyst estimate of $0.15. Sales were $4.960 billion, below the expected $5.146 billion. Despite the miss, earnings increased by 5.51% from the previous year.
October 31, 2024 | 7:00 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
ASE Tech Holding Co's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.13 vs. $0.15 expected and sales at $4.960B vs. $5.146B expected.
The company's earnings per share and sales both missed analyst expectations, which is typically viewed negatively by investors. This could lead to a short-term decline in the stock price as the market reacts to the underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100