VIA Q3 income dips deeper than analysts forecast

Sales down too

VIA has exceeded analyst expections of the extent to which its income would fall during its third quarter.

Five market watchers surveyed this week by Bloomberg put the decline at 63 per cent, but when the chipset maker announced its Q3 results this morning, the figure stood at 64.2 per cent.

Income before tax for the three months to 30 September came to NT$880 million ($25.47 million) - NT$0.93 a share. That's 64.2 per cent down on Q3 2000 and 21.6 per cent down on the previous quarter.

Sales for the period totalled NT$7.905 billion, down 22.2 per cent on the year-ago quarter, but up 3.1 per cent sequentially. The decline was in line with VIA's forecast - just. VIA previously said its Q3 sales would fall just under 23 per cent year-on-year.

For the first nine months of fiscal 2001, VIA has recorded sales of NT$26.067 billion, up 14.3 per cent on the same period last year. Earnings total NT$4.59, down 17.2 per cent. ®

Related Story

VIA set for gloomy Q3 - analysts

Sponsored: 5 critical considerations for enterprise cloud backup