ASE Technology Holding Co Ltd announced its earnings results for the quarter ending in June, revealing a decline in adjusted earnings and revenue compared to the same period last year. The company\u2019s adjusted earnings per share (EPS) came in at 11 cents, down from 12 cents reported in the previous year. This matched the average expectation of two analysts for the quarter.<\/p>\n
Revenue for the quarter fell 2.4% year-over-year to $4.35 billion, missing analysts\u2019 forecast of $4.51 billion. ASE Technology Holding Co Ltd.\u2019s reported EPS of 11 cents is in line with the earlier earnings estimates but reflects a decline from last year\u2019s performance.<\/p>\n
In the stock market, ASE Technology Holding Co Ltd shares have experienced a 7.2% decline this quarter, though they have seen a notable increase of 12.6% so far this year. Forecasts for the company have been adjusted downward, with the mean earnings estimate falling by approximately 12% over the past three months. However, there have been no revisions to earnings estimates by analysts in the last 30 days.<\/p>\n
Despite the recent earnings miss, the average analyst rating for ASE Technology Holding Co Ltd remains positive. The consensus rating is \u201cbuy,\u201d with a breakdown of recommendations including two \u201cstrong buy\u201d or \u201cbuy\u201d ratings, no \u201chold\u201d ratings, and one \u201csell\u201d or \u201cstrong sell\u201d rating. The average consensus recommendation for the semiconductor equipment and testing peer group is also \u201cbuy.\u201d<\/p>\n
Wall Street\u2019s median 12-month price target for ASE Technology Holding Co Ltd stands at $11.60, reflecting a cautiously optimistic outlook on the company\u2019s future performance<\/p>\n","protected":false},"excerpt":{"rendered":"
ASE Technology Holding Co Ltd.\u2019s Q2 earnings fell to 11 cents per share, down from 12 cents last year, with revenue decreasing to $4.35 billion. Despite a 7.2% share drop this quarter, the stock has risen 12.6% year-to-date. Analysts maintain a \u201cbuy\u201d rating with a $11.60 price target.<\/p>\n","protected":false},"author":415,"featured_media":23575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[13265,13261,13262,13266,13267,13263,5087,13264],"class_list":["post-23502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-central-asia","tag-analyst-ratings","tag-ase-technology-holding-co-ltd","tag-earnings-report","tag-financial-update","tag-price-target","tag-quarterly-results","tag-semiconductor-industry","tag-stock-performance"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/23502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/users\/415"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/comments?post=23502"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/23502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media\/23575"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media?parent=23502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/categories?post=23502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/tags?post=23502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}