Skip to main content

Market Overview

ASE Technology Beats On Q2 Earnings, Notes Margin Expansion

Share:
ASE Technology Beats On Q2 Earnings, Notes Margin Expansion
  • ASE Technology Holding Co Ltd (NYSE: ASXreported second-quarter FY21 revenue growth of 18% year-on-year to NT$126.9 billion.
  • Net Revenues from Packaging rose 19.6% Y/Y to NT$64.1 billion, Testing declined 8% to NT$11.7 billion, and EMS increased 23.8% to NT$49.1 billion.
  • The gross margin increased by about 200 bps to 19.5%. The operating margin expanded by about 260 bps to 10.4%.
  • Earnings per ADS of $0.16 beat the analyst consensus of $0.14.
  • The company held NT$53 billion in cash and equivalents as of June 30, 2021, and generated NT$18.2 billion in operating cash flow in the quarter.
  • Price action: ASX shares closed higher by 0.98% at $8.22 on Wednesday.
 

Related Articles (ASX)

View Comments and Join the Discussion!

Posted-In: BriefsEarnings News Tech

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com