Movement Alert｜ASE Technology rises 3.16% in After-Hours Trading, earnings beat and upbeat outlook support technical rebound

Market Focus11-06 05:55

On November 6, ASE Technology rose 3.16% in After-Hours Trading to $30.63 per share, with turnover of $6.171 million.

The move followed continued market digestion of the company’s latest quarterly results, which beat expectations, alongside a constructive near-term outlook and stronger advanced packaging demand indicators.

In its latest quarterly report released on October 29, ASE Technology posted EPS of about $0.36 to $0.37, above the $0.34 consensus, while revenue of about $7.64 billion to $7.66 billion also exceeded expectations. Management guided fourth-quarter revenue to grow 6% to 8% sequentially and raised its LEAP-related revenue target to above $4 billion, pointing to sustained demand in advanced packaging and testing. Recent market discussion has also highlighted capacity expansion expectations in advanced packaging as additional background support for sentiment.

(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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