ChipMOS Technologies Q4 Revenues Down 31.0% Year-over-year
(RTTNews) - 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.
Revenue for the month of December decreased 31.4 percent to NT$1.55 billion or $50.6 million from NT$2.27 billion or $73.7 million in the month of December 2021. It also edged down 0.3 percent sequentially from November 2021.
The Company noted that the December period results reflect broader market declines and inventory adjustments at customers in response to end market demand levels.
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ChipMOS Technologies February Revenues Down 31.5% Year-over-year
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.
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U.S. Labor Productivity Growth Slows More Than Expected In Q4
A report released by the Labor Department on Thursday showed U.S. labor productivity and unit labor costs both increased by less than expected in the fourth quarter of 2024. The Labor Department said labor productivity climbed by 1.2 percent in the fourth quarter after surging by an upwardly revised 2.3 percent in the third quarter.
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US Employers Cut 28% More Jobs In January: Challenger Report
Employers in the U.S. slashed more jobs in January compared to December, but the figure was the lowest recorded for the month in three years, the latest monthly report from the global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc showed on Thursday.
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Bank Of England Cuts Rate By 25 Bps, Sees Modest Growth In Q1
The Bank of England lowered its key interest rate by a quarter-point as widely expected on Thursday but two policymakers sought a bigger reduction citing the sluggish U.K. economy and the heightening uncertainty over trade tariffs. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 7-2 to reduce the benchmark bank rate to 4.50 percent from 4.75 percent.
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Societe Generale Q4 Profit Surges, Sees Growth In FY25; Plans Dividend, Buyback; Stock Up
Shares of Societe Generale were gaining around 12 percent in the mid-day trading on the Paris Stock Exchange after the French banking major reported Thursday significantly higher profit in its fourth quarter, driven by increased banking income. The company also announced dividend and share buyback. For fiscal 2025, the company projects revenue growth of more than 3 percent from last year...
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U.S. Labor Productivity, Unit Labor Costs Jump Less Than Expected In Q4
A report released by the Labor Department on Thursday showed U.S. labor productivity and unit labor costs both increased by less than expected in the fourth quarter of 2024.
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Bay Street Likely To Open On Firm Note
Canadian stocks look headed for a positive start Thursday morning, tracking firm European markets and higher crude oil prices amid slightly easing concerns about trade war and tariffs.
Investors are likely to focus on corporate earnings for direction.
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U.S. Weekly Jobless Claims Rise To 219,000
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended February 1st.
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