AI
Wednesday, October 29, 2003 7:12:07 PM
CHPC (in the spirit of AMKR) Another one of our earnings plays (we had 6 plays out of 7 as earnings plays) Traders may want to look for that as a further move (gap 'n snap) or even some long play in premarket. We did not get our trigger on this for intraday (unlike some of our others)
Provider of semiconductor services ChipPAC (CHPC 8.00 +0.71) has turned in one of the biggest moves to the upside following its Q3 (Sept) report. The company met Wall Street's consensus forecast calling for a net loss of $0.07, but then guided its Q4 (Dec) outlook to breakeven to a gain of $0.02. The Reuters Research estimate was pegged at breakeven. Management said that 'all segments of our business are showing improved utilization rates in Q4, with utilization now greater than 75%.'
Provider of semiconductor services ChipPAC (CHPC 8.00 +0.71) has turned in one of the biggest moves to the upside following its Q3 (Sept) report. The company met Wall Street's consensus forecast calling for a net loss of $0.07, but then guided its Q4 (Dec) outlook to breakeven to a gain of $0.02. The Reuters Research estimate was pegged at breakeven. Management said that 'all segments of our business are showing improved utilization rates in Q4, with utilization now greater than 75%.'
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