Movement Alert｜ASE Technology falls 3.22% in Pre-Market Trading, post-earnings pressure persists despite raised outlook

Market Focus11-03

On November 3, ASE Technology falls 3.22% in Pre-Market Trading, trading at $38.0 per share, with turnover of $778.3 thousand.

The move follows continued post-earnings pressure even after the company reported third-quarter results above expectations and issued a constructive near-term outlook.

Recent disclosures showed quarterly EPS of about $0.36 to $0.37, above the $0.34 consensus, and revenue of about $7.64 billion to $7.66 billion, also ahead of expectations. Management said fourth-quarter revenue is expected to rise 6% to 8% sequentially and raised its LEAP-related revenue target to above $4.0 billion, underscoring solid demand in advanced packaging and testing. Even so, the shares have remained under pressure after the earnings release, and the latest pre-market fall suggests that pressure is continuing after a brief rebound.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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