Semiconductor firms exceed expectations

“Inari Amertron Bhd, Malaysian Pacific Industries Bhd (MPI), and Unisem (M) Bhd’s reported improved earnings quarter-on-quarter (q-o-q), which also surprised on the upside generally, due to higher-than-expected revenue and/or better-than-expected profitability, ” TA Research said.

PETALING JAYA: Most companies in the semiconductor sector exceeded consensus earnings estimates for the second quarter which ended in June.

TA Research, however, continues to rate the sector “neutral” despite the outperformance.