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ChipMOS Technologies February Revenues Down 31.5% Year-over-year
(RTTNews) - Semiconductor company ChipMOS Technologies Inc. (IMOS) reported Friday that revenue for the month of February declined 31.5 percent to NT$1.44 billion or $46.8 million from NT$2.10 billion or $68.3 million in the prior-year quarter. It also increased 8.1 percent sequentially from January.
The company said this represents the first month over month revenue increase since June 2022 as it continues to navigate macroeconomic weakness and work with customers on inventory adjustments.
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ChipMOS Technologies Q4 Revenues Down 31.0% Year-over-year
Semiconductor company ChipMOS Technologies Inc. (IMOS) reported Tuesday that revenue for the fourth quarter declined 31.0 percent to NT$4.69 billion or $152.5 million from NT$6.79 billion or $221.0 million in the prior-year quarter. It also decreased 10.8 percent sequentially from the third quarter.
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875 days ago
Canadian Market Slightly Higher In Cautious Trade
After a a weak start and a subsequent recovery, the Canadian market slipped into negative territory Tuesday morning, but edged higher again and was trading modestly higher about a couple of hours past noon.
The early weakness was due to the uncertainty surrounding Trump's tariff moves, and downward revisions in Canadian and global growth forecast by the OECD.
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1h 50min ago
Swiss Market Ends Modestly Higher
The Switzerland market retreated after a positive start Tuesday morning, and after moving along the flat line till around mid afternoon, found some momentum and eventually ended the day's session modestly Expectations of a rate cut by the Swiss central bank contributed to market's upmove.
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2h 12min ago
European Stocks Recover From Early Weakness, Close Broadly Higher
European stocks closed higher on Tuesday despite lingering uncertainty about the Trump administration's tariff moves.
Investors digested regional economic data, that included a report showing a drop in euro zone inflation, and looked ahead to some crucial reports from the U.S., including non-farm payroll data due later in the week.
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2h 32min ago
U.S. Job Openings Unexpectedly Increase In April
Job openings in the U.S. unexpectedly increased in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said job openings climbed to 7.391 million in April from an upwardly revised 7.200 million in March.
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4h 25min ago
U.S. Factory Orders Pull Back Sharply In April
A report released by the Commerce Department on Tuesday showed a substantial pullback by new orders for U.S. manufactured goods in the month of April. The Commerce Department said factory orders plunged by 3.7 percent in April after surging by a downwardly revised 3.4 percent in March.
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4h 47min ago
Eurozone Inflation Falls Below 2% Target To Boost ECB Rate Cut Hopes
Euro area inflation fell below the 2 percent target in May largely due to the slowdown in services inflation and reinforced expectations for another interest rate reduction from the European Central Bank later this week. Inflation softened more-than-expected to 1.9 percent in May from 2.2 percent in April, figures from Eurostat revealed on Tuesday. The rate was expected to slow to 2.0 percent.
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6h 5min ago
Swiss Franc Falls Against Majors
The Swiss franc weakened against other major currencies in the New York session on Tuesday.
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6h 20min ago
