ChipMOS REPORTS FIRST QUARTER 2016 RESULTS
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ChipMOS Technologies (IMOS) Could Save 2H - Cowen
May 13, 2016 8:42 AM UTCCowen analyst, Timothy Arcuri, notes ChipMOS (NASDAQ: IMOS) EPS was below due to FX and oddly lower GM. CQ2 also guided below seasonal but full year unchanged. While this is not without further risk, the GM guide seems very conservative. Most importantly though... More
ChipMOS (IMOS) Posts Q1 EPS of $0.10
May 12, 2016 4:06 PM UTCChipMOS (NASDAQ: IMOS) reported Q1 EPS of $0.10, which may note compare with than the analyst estimate of $0.21. Revenue for the quarter came in at $146.8 million versus the consensus estimate of $143.2 million.
S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, "First quarter revenue and gross margin were in-line with expectations in a traditionally seasonally weak quarter. We expect this to represent a trough point for 2016 quarterly revenue and our overall capacity utilization level. Given our positive outlook and view that our shares remain undervalued, our Board of Directors authorized a new... More
