Home General Various News Realtek sees profits down in 1Q17

Realtek sees profits down in 1Q17

195

  • Register
Taipei, Wednesday, April 26, 2017 15:38 (GMT+8)
showers
Taipei
21°C

  • Article
  • . (0)
  • Related content
  • Company info
Print Email

Realtek sees profits down in 1Q17
Cage Chao, Taipei; Steve Shen, DIGITIMES [Wednesday 26 April 2017]

Tight supply of memory devices, LCD panels and other key components is discouraging downstream OEMs and brand companies from placing chip orders, according to Alex Chiu, president of Realtek Semiconductor.

For this reason, Realtek is more conservative about the business outlook for the second quarter of 2017 although inventory levels at clients are actually moving downward at the moment, Chiu said at the company’s latest investors conference.

Meanwhile, Reaktek reported that its net profits declined 25.65% on quarter and 14.21% on year to NT$507 million (US$16.88 million) in the first quarter of 2017 as a loss of NT$500 million in foreign exchange transactions lowered its earnings.

EPS for the first quarter stood at NT$1.00 compared to NT$1.35 a quarter earlier and NT$1.17 a year earlier, while gross margin also dropped 0.82pp to 42.58% in the quarter.

The company expects its gross margin to stay in a range of 42-44% in the second quarter and shipments of TV, PC and network chips to post growth in the second half of the year.

The company’s stock price lost NT$4.00 to close at NT$100.50 on the Taiwan Stock Exchange (TSE) during the April 26 session.

Tweet

Categories: Bits + chips Display panel IC design, distribution Memory chips

Tags: 1Q17 LCD Realtek Realtek Semiconductor semiconductor

Companies: Realtek Semiconductor

    Related stories

  • Realtek March revenues rise 12% (Apr 7)
  • IC demand from PC sector will not pick up until August (Mar 16)
  • Realtek reports on-year increase for February revenues (Mar 6)
  • Realtek posts 2016 EPS of NT$6.02 (Feb 9)
  • Realtek January revenues increase (Feb 7)
  • Taiwan IC design houses 1Q17 revenues to fall 10-20% (Jan 10)
  • Realtek revenues increase on year in December (Jan 9)
  • Realtek reports decreased revenues for November (Dec 5)
Realtime news
  • India market: Xiaomi facing increasing competition from Oppo, Vivo, says report

    Mobile + telecom | 27min ago

  • Meizu lowers smartphone shipment target for 2017, says paper

    Mobile + telecom – Newswatch | 29min ago

  • HTC North Asia chief leaves company, says paper

    IT + CE – Newswatch | 30min ago

Pause
 | 
View more

China smartphone touch-panel industry 2016 forecast
Global AP demand forecast, 2017-2020
The transition to 4k TV - UHD TV market forecast, 2014-2017
Sponsored links
  • Wireless broadband developments in Southeast Asia markets

    As of 2013, the 10 ASEAN nations had a total of over 700 million mobile subscriptions, with the CAGR from 2003-2013 reaching 24%. This Digitimes Research Special Report analyzes the various mobile broadband markets in ASEAN and looks at the respective trends in 4G LTE development for those markets.

  • 2015 global tablet demand forecast

    This Digitimes Research Special Report provides a 2015 forecast for the global tablet market and analyzes the strategies of key market players such as Google, Apple, Intel, and Microsoft.

  • 2015 China smartphone panel trend forecast

    This Digitimes Research Special Report analyzes the strategies of key China-based major panel makers BOE, Tianma and IVO for attacking the different market segments through technology and pricing, and their relationship to local vendors Huawei, Lenovo, ZTE, Xiaomi and Coolpad.

Buy link

  • Register
Taipei, Wednesday, April…

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here