- ASE Technology Holding Co, Ltd (NYSE:ASX) reported a first-quarter net revenue decline of 9% year-on-year to NT$130.89 billion. The revenue declined by 26% quarter-on-quarter.
- Net revenues for ATM (assembly, testing, and material) business was NT$73.32 billion, down by 13% Y/Y and 22% Q/Q.
- EMS (electronic manufacturing services) net revenues were NT$57.73 billion, down by 31% Q/Q.
- Gross margin decreased by 440 bps Q/Q to 14.8%.
- The operating margin declined by 520 bps Q/Q to 5.9%.
- Diluted EPS was NT$1.30 (or $0.086 per ADS).
- Capital expenditures totaled $231 million.
- Price Action: ASX shares traded higher by 0.59% at $6.85 on the last check Thursday.
Finland Joins NATO Doubling Border Length, Russia Issues Warning
The Finland foreign minister signed the accession document, and Finland has become the 31st member of the North Atlantic Treaty Organization (NATO) security alliance.
