ChipMOS (IMOS) Posts Q2 EPS of $0.08

ChipMOS (NASDAQ: IMOS) reported Q2 EPS of $0.08, which may not compare to the analyst estimate of $0.12. Revenue for the quarter came in at $164.2 million versus the consensus estimate of $163.7 million.

S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, "We achieved our 2Q15 revenue and gross margin targets, as we continue to benefit from our leadership in the LCD driver business, led by growth opportunities in small panel drivers. This gives us a competitive advantage and helped buffer softness in our DRAM and bumping business in the quarter. We also benefitted from growth in our non-driver IC business, including flash and wafer level chip scale package (WLCSP) businesses, which increased 7.7% and 33.8%, respectively, compared to 1Q15. As we look forward, we remain confident in our business over the long-term, despite any near-term macro weakness. We continue to benefit from strong, mutually beneficial, strategic customer relationships, and our leadership in the global LCD driver business and growth opportunities in our non-driver IC businesses."

Third Quarter 2015 Outlook

The Company expects revenue for the third quarter of 2015 will decrease approximately 2% to 7%, as compared to the second quarter of 2015. The Company expects gross margin on a consolidated basis to be in the range of approximately 17% to 21% for the third quarter of 2015. The Company anticipates depreciation and amortization expenses for the third quarter of 2015 to be approximately US$26 million. Operating expenses are expected to be approximately 6% to 8% of revenues in the third quarter of 2015. The Company expects CapEx spending to be approximately US$30 million in the third quarter of 2015, with CapEx spending for the full year 2015 to be less than US$125 million. The total number of the Company's outstanding common shares at the end of the third quarter of 2015 is expected to be approximately 28 million.

For earnings history and earnings-related data on ChipMOS (IMOS) click here.

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