ASE Technology's Q3 Earnings Beat Expectations, Shares Surge 23.3%

ASE Technology Holding Co. (NYSE:ASX) surged 23.3% week-on-week, driven by a 11.7% jump in net income to NT$10.87 billion and a 5.2% increase in net revenues to NT$168.5 billion. The company expects Q4 revenues to grow by 1-2% and gross margin to increase by 70-100 basis points. For the full-year, ASE Technology is set to exceed its target revenues of $1.6 billion from assembly and testing services, growing 20% YoY.