Singaporean chipmaker Chartered Semi posts loss
http://www.chinapost.com.tw/business/company-focus/2009/04/25/205680/Singaporean-chipmaker.htm
SINGAPORE -- Singapore-based chip maker Chartered Semiconductor Manufacturing Ltd. reaffirmed its first-quarter revenue outlook Monday and said it expects a narrower loss than previously forecast.
The company said orders for the second quarter have increased compared with its view in January, when it gave its original forecast. This is expected to lead to lower costs per wafer during the first quarter, thanks to higher production volumes over which fixed costs are allocated.
Chartered now expects a loss of about 49 cents to 53 cents per American Depositary share, compared with its earlier outlook of a loss of 57 cents to 61 cents per ADS.
The company reaffirmed its revenue outlook for $232 million to $244 million.
Analysts, on average, are expecting a loss of 56 cents per share on sales of $235 million, according to a poll by Thomson Reuters.
"While we are seeing this improvement in customer orders, the macroeconomic environment continues to be challenging and business visibility remains limited," said George Thomas, senior vice president and chief financial officer, in a statement.
Chartered plans to post its results on April 24.
Shares fell 46 cents, or 30 percent, to $1.09 in midday trading. The stock has traded in the 52-week range of $1.05 to $7.05.
http://www.chinapost.com.tw/business/company-focus/2009/04/25/205680/Singaporean-chipmaker.htm
SINGAPORE -- Singapore-based chip maker Chartered Semiconductor Manufacturing Ltd. reaffirmed its first-quarter revenue outlook Monday and said it expects a narrower loss than previously forecast.
The company said orders for the second quarter have increased compared with its view in January, when it gave its original forecast. This is expected to lead to lower costs per wafer during the first quarter, thanks to higher production volumes over which fixed costs are allocated.
Chartered now expects a loss of about 49 cents to 53 cents per American Depositary share, compared with its earlier outlook of a loss of 57 cents to 61 cents per ADS.
The company reaffirmed its revenue outlook for $232 million to $244 million.
Analysts, on average, are expecting a loss of 56 cents per share on sales of $235 million, according to a poll by Thomson Reuters.
"While we are seeing this improvement in customer orders, the macroeconomic environment continues to be challenging and business visibility remains limited," said George Thomas, senior vice president and chief financial officer, in a statement.
Chartered plans to post its results on April 24.
Shares fell 46 cents, or 30 percent, to $1.09 in midday trading. The stock has traded in the 52-week range of $1.05 to $7.05.
