Movement Alert｜ASE Technology rises 4.19% in Pre-Market Trading, upbeat outlook after earnings supports rebound

Market Focus11-02

On November 2, ASE Technology rose 4.19% in Pre-Market Trading, trading at $41.3325 per share, with turnover of $321.6 thousand.

The move followed a recent earnings beat and a stronger management outlook. Third-quarter EPS came in at 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% quarter over quarter and raised its LEAP-related revenue target to above $4 billion, pointing to sustained demand in advanced packaging and testing. Additional disclosed guidance indicated fourth-quarter gross margin of 23% to 24% and operating margin of 14.5% to 15.5%, reinforcing the rebound after the post-earnings pullback seen on October 30.

(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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