Advanced Semiconductor Engineering Increases Sales but Misses Estimates on Earnings

Advanced Semiconductor Engineering (NYS: ASX) reported earnings on July 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Advanced Semiconductor Engineering met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew. GAAP earnings per share increased.

Margins grew across the board.

Revenue details
Advanced Semiconductor Engineering reported revenue of $1.69 billion. The 13 analysts polled by S&P Capital IQ expected revenue of $1.69 billion on the same basis. GAAP reported sales were 10.0% higher than the prior-year quarter's $1.54 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
EPS came in at $0.08. The two earnings estimates compiled by S&P Capital IQ forecast $0.09 per share. GAAP EPS of $0.08 for Q2 were 14% higher than the prior-year quarter's $0.07 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
For the quarter, gross margin was 20.6%, 130 basis points better than the prior-year quarter. Operating margin was 10.6%, 150 basis points better than the prior-year quarter. Net margin was 7.5%, 50 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.84 billion. On the bottom line, the average EPS estimate is $0.12.

Next year's average estimate for revenue is $7.04 billion. The average EPS estimate is $0.34.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advanced Semiconductor Engineering is outperform, with an average price target of $4.72.

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The article Advanced Semiconductor Engineering Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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