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, under Investor Relations, Earnings Releases section.

The revised outlook for second quarter 2009 is as follows:

  1Q 2009   2Q 2009
    Actual   April 24 Guidance


  Revised Guidance


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

Featured Video
Currently No Featured Jobs
Upcoming Events
Commercial UAV Expo 2016 at MGM Grand Hotel Conference Center Las Vegas NV - Oct 31 - 2, 2016
GIS-Pro 2016: URISA's 54th Annual Conference at Toronto Canada - Oct 31 - 3, 2016
24th ACM SIGSPATIAL International Conference at San Francisco Bay Area, California, USA San Francisco - Oct 31 - 3, 2016
Teledyne Optech
University of Denver GIS Masters Degree Online
Bentley: YII 2016 - Countless CAD add-ons, plug-ins and more.

Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy