ChipMOS REPORTS THIRD QUARTER 2024 RESULTS
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ChipMOS Technologies reported a 4.4% increase in Q3 2024 revenue compared to Q2 2024, and an 8.7% growth compared to Q3 2023. The company's gross profit expanded by 3.4% from the previous quarter, with a healthy utilization rate of 67%. However, net earnings per ADS decreased from $0.39 in Q2 2024 to $0.26 in Q3 2024. ChipMOS maintains a strong financial position with $435.3 million in cash and cash equivalents.
November 05, 2024 | 12:30 pm
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ChipMOS Technologies reported a 4.4% increase in Q3 2024 revenue and an 8.7% growth compared to Q3 2023. Despite the revenue growth, net earnings per ADS decreased from $0.39 in Q2 2024 to $0.26 in Q3 2024. The company maintains a strong cash position.
The increase in revenue and gross profit is positive, but the decrease in net earnings per ADS could be a concern for investors. The strong cash position provides financial stability, balancing the mixed earnings results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100