Fool Checkup: Advanced Semiconductor Engineering Earnings (ASX)

Fool Checkup: Advanced Semiconductor Engineering Earnings

Advanced Semiconductor Engineering (NYSE: ASX ) reported earnings on July 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Advanced Semiconductor Engineering missed estimates on revenue and met expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share didn't move.

Margins dropped across the board.

Revenue details
Advanced Semiconductor Engineering notched revenue of $1.54 billion. The 13 analysts polled by S&P Capital IQ expected to see net sales of $1.59 billion on the same basis. GAAP reported sales were 4.2% lower than the prior-year quarter's $1.60 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.08. The two earnings estimates compiled by S&P Capital IQ predicted $0.08 per share. GAAP EPS of $0.02 were the same as the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 19.3%, 10 basis points worse than the prior-year quarter. Operating margin was 9.1%, 90 basis points worse than the prior-year quarter. Net margin was 7.0%, 90 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.71 billion. On the bottom line, the average EPS estimate is $0.12.

Next year's average estimate for revenue is $6.29 billion. The average EPS estimate is $0.35.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advanced Semiconductor Engineering is outperform, with an average price target of $5.39.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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