ASE Technology (ASX) Shares Rise as October Revenue Hits 23-Month High

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Nov 13, 2024
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ASE Technology Holding Co., Ltd. (ASX, Financial) saw its shares rise by 2.2% in pre-market trading, reaching $9.72. The increase follows the company's report of a significant revenue milestone. For October, ASE Technology reported combined revenue of 56.426 billion New Taiwan dollars, marking a month-on-month increase of 1.5% and a year-on-year growth of 0.5%. This revenue figure represents the highest point reached in the last 23 months, dating back to December 2022.

Furthermore, ASE Technology's accumulated revenue for the first ten months of the year reached 489.571 billion New Taiwan dollars, an increase of 2.53% compared to the same period last year.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.