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
Rand3D

Featured Video
Jobs
Mechanical Engineer I for Air Techniques, Inc at Melville, NY
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
The Rise of Mechatronics at Dassault Systèmes Santa Clara 3979 Freedom Circle, Ste 750 Santa Clara CA - Sep 14, 2017
The 30th Annual Integrated Process Excellence Symposium & Training at Wyndham Grand Bonnet Creek Resort Orlando FL - Sep 18 - 20, 2017
Kenesto: 30 day trial



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 EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise