BELOW EXPECTATIONS:Market analysts had forecast revenues of between NT$11.9 billion and NT$12.27 billion, but the firm’s results came in more than NT$1 billion short
Date: Apr 06, 2015
By: Lisa Wang / Staff reporter
Largan Precision Co Ltd (大立光), which supplies camera lens modules for Apple Inc’s iPhones, yesterday posted a deeper-than-expected 37 percent decline in revenue for last quarter from the previous quarter — to NT$10.57 billion (US$337.7 million) — on seasonally weak demand.
That was despite a strong increase of 50 percent in revenue last month to NT$3.92 billion, from February’s NT$2.62 billion, after customers began shipping new products, according to Largan’s filing with the Taiwan Stock Exchange.
In the fourth quarter of last year, Largan generated NT$16.89 billion in revenue. [FULL STORY]