Chartered Updates Guidance for Second Quarter

MILPITAS, Calif. — (BUSINESS WIRE) — June 11, 2009 Today, in its scheduled mid-quarter update, Chartered Semiconductor Manufacturing Ltd. (Nasdaq: CHRT) (SGX: CHARTEREDSC) revised its second quarter 2009 guidance, which was originally provided on April 24, 2009.

“Compared to our expectation in April, we are seeing incremental improvement in our business, mainly coming from our mature technologies. Therefore, we are now revising our revenue guidance upward. Based on the mid-point of our revised guidance for revenues including our share of SMP revenues, wafer shipments are now expected to increase approximately 60 percent compared to first quarter of 2009. In line with higher revenues, we expect net loss to improve approximately $10 million compared to our previous guidance,” said George Thomas, senior vice president & CFO of Chartered.

Chartered plans to release its second quarter 2009 results on Friday, July 24, 2009, Singapore time, before the Singapore market opens. Chartered’s original guidance for second quarter 2009 was published in the Company’s first quarter 2009 earnings release dated April 24, 2009, which can be found on Chartered’s Web site at www.charteredsemi.com, under Investor Relations, Earnings Releases section.

The revised outlook for second quarter 2009 is as follows:

  1Q 2009   2Q 2009
    Actual   April 24 Guidance

Midpoint/Range

  Revised Guidance

Midpoint/Range

Revenues   $243.9M  

$327M, +/- $6M

  $343M, +/- $5M
Revenues including Chartered’s share of SMP   $253.5M   $346M, +/- $7M   $361M, +/- $5M
ASP (a)   $928   $918, +/- $20   $912, +/- $15
ASP including Chartered’s share of SMP (a)   $927   $907, +/- $25   $902, +/- $20
Utilization   38%   58%, +/- 3%   61%, +/- 2%
Gross profit (loss)   ($27.5M)   $17M, +/- $6M   $28M, +/- $5M
Net income (loss)   ($98.8M)   ($59M), +/- $5M  

($49M), +/- $4M

   
ADS used in calculation of basic earnings (loss) per ADS

(adjusted for rights offering and share consolidation)

  38.4M   83.6M   83.6M
Basic earnings (loss) per ADS (b)   ($2.64)   ($0.74), +/- $0.06   ($0.62), +/- $0.05

1 | 2  Next Page »



Review Article Be the first to review this article
CST: Webinar November 9, 2017

Aldec

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Teklatech: Work smart, Not hard
More Editorial  
Jobs
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, United Kingdom
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Upcoming Events
ARM TechCon 2017 at Santa Clara Convention Center Santa Clara CA - Oct 24 - 26, 2017
MIPI DevCon Bangalore 2017 at The Leela Palace Bengaluru India - Oct 27, 2017
The 2017 International Test Conference at Fort Worth Convention Center Fort Worth TX - Oct 31 - 2, 2017
MIPI DevCon Hsinchu City 2017 at Sheraton Hsinchu Hotel Taiwan - Oct 31, 2017
CST: Webinar series



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise