ChipMOS TECHNOLOGIES (IMOS) Reports a 4% Decrease in December Revenue
Tweet
Share
E-mailGet Alerts IMOS Hot Sheet
Join SI Premium – FREE
ChipMOS TECHNOLOGIES LTD. (NASDAQ: IMOS) today reported its unaudited consolidated revenue for the month and quarter ending December 31, 2011.
Revenue for the month of December 2011 was NT$1,461.0 million or US$48.3 million, a decrease of 4.2% from the month of November 2011 and a decrease of 3.9% from the same period in 2010.
On a quarterly basis, revenue for the fourth quarter of 2011 was NT$4,608.8 million or US$152.3 million, an increase of 3.3% from the third quarter of 2011 and an increase of 6.6% from the same period in 2010. This is at the high-end of prior guidance for fourth quarter of 2011 revenue to be flat to up or down in the single digits as compared to the third quarter of 2011.
The Company expects to benefit from stable demand and utilization levels in the first quarter of 2012, with revenue for the full year 2012 increasing approximately 10% compared to the full year 2011.
All U.S. figures in this release are based on the exchange rate of NT$30.27 to US$1.00 as of December 30, 2011.
Revenue for the month of December 2011 was NT$1,461.0 million or US$48.3 million, a decrease of 4.2% from the month of November 2011 and a decrease of 3.9% from the same period in 2010.
On a quarterly basis, revenue for the fourth quarter of 2011 was NT$4,608.8 million or US$152.3 million, an increase of 3.3% from the third quarter of 2011 and an increase of 6.6% from the same period in 2010. This is at the high-end of prior guidance for fourth quarter of 2011 revenue to be flat to up or down in the single digits as compared to the third quarter of 2011.
The Company expects to benefit from stable demand and utilization levels in the first quarter of 2012, with revenue for the full year 2012 increasing approximately 10% compared to the full year 2011.
All U.S. figures in this release are based on the exchange rate of NT$30.27 to US$1.00 as of December 30, 2011.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boeing names Ryan Shedd as new SVP and controller
- Lazard Global Total Return fund declares $0.1534 monthly distribution
- Cytek faces $56M damages award in Beckman Coulter patent case
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
