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ASE Technology Falls Short Of Revenue Goals, Delivers Mixed Q1 Results

ASE Technology Holding Co, Ltd (NYSE:ASX) reported a fiscal first-quarter 2024 net revenue growth of 1.5% year-on-year to NT$132.80 billion ($4.24 billion), missing the consensus of $4.41 billion. The revenue declined by 17.3% quarter-on-quarter. Net revenues for ATM (assembly, testing, and material) business was NT$73.91 billion, up by 0.8% Y/Y and down by 9.9% Q/Q.  EMS (electronic manufacturing services) ...