BEATING ESTIMATES: First Capital Management Inc said that the firm’s gross margin was more than the 46 percent it predicted and raised its revenue forecast for Yageo

Taipei Times
Date: Apr 26, 2018
By: Lisa Wang  /  Staff reporter

Yageo Corp (國巨), the world’s biggest supplier of chip resistors, saw its shares fall by 8.61 percent yesterday, despite posting another record-breaking quarterly net profit as it hiked its prices due to supply constraints.

In the quarter that ended on March 31, Yageo made NT$4.26 billion (US$144 million), which was more than the company’s share capital of NT$3.51 billion. That represented a 4.3 times increase from NT$818.4 million in the first quarter of last year.

On a quarterly basis, net profit jumped 40 percent from NT$3.02 billion.

Earnings per share surged to NT$12.15 last quarter, compared with NT$1.62 a year earlier and NT$8.62 the previous quarter.    [FULL  STORY]