Chipmos Technologies (NASDAQ:IMOS) Releases Quarterly Earnings Results, Beats Estimates By $0.38 EPS

by · The Cerbat Gem

Chipmos Technologies (NASDAQ:IMOS – Get Free Report) released its earnings results on Tuesday. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.38, FiscalAI reports. Chipmos Technologies had a return on equity of 9.19% and a net margin of 8.30%. The business had revenue of $263.49 million for the quarter, compared to the consensus estimate of $249.03 million.

Chipmos Technologies Stock Performance

IMOS traded up $0.30 on Tuesday, reaching $48.25. The company had a trading volume of 71,603 shares, compared to its average volume of 77,120. The stock has a market cap of $1.70 billion, a P/E ratio of 23.59 and a beta of 1.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.94 and a current ratio of 2.39. Chipmos Technologies has a fifty-two week low of $22.00 and a fifty-two week high of $83.84. The company’s fifty day moving average is $62.03 and its 200 day moving average is $52.98.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Chipmos Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 30th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Chipmos Technologies presently has an average rating of “Hold”.

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About Chipmos Technologies

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ChipMOS Technologies Inc. is a Taiwan-based provider of outsourced semiconductor assembly and test services. Founded in 1997, the company serves semiconductor manufacturers and other customers that rely on external partners to prepare and test chips for use in electronic devices. Its services include wafer bumping, semiconductor assembly, and testing. ChipMOS works with products such as display driver integrated circuits, memory chips, and mixed-signal semiconductors, which are used in applications including displays and consumer electronics.

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