Advanced Semiconductor Engineering
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Advanced Semiconductor Engineering met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased.
Gross margins grew, operating margins grew, net margins dropped.
Advanced Semiconductor Engineering notched revenue of $1.67 billion. The 14 analysts polled by S&P Capital IQ predicted a top line of $1.68 billion on the same basis. GAAP reported sales were 9.1% higher than the prior-year quarter's $1.53 billion.
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 for Q3 were 100% higher than the prior-year quarter's $0.01 per share.
For the quarter, gross margin was 19.6%, 50 basis points better than the prior-year quarter. Operating margin was 9.8%, 60 basis points better than the prior-year quarter. Net margin was 7.0%, 40 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.66 billion. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $6.38 billion. The average EPS estimate is $0.27.
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 $3.92.
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