
Chartered Semi 3Q profit jumps on big tax benefit
October 25, 2007: 06:37 PM EST
SAN FRANCISCO, Oct. 25, 2007 (Thomson Financial delivered by Newstex) -- Chartered Semiconductor Manufacturing Ltd. (NASDAQ:CHRT) late Thursday reported third-quarter net earnings of $114.8 million, or 4 cents a share and 40 cents per American Depositary share, up from $26.8 million, or a penny a share and 9 cents per ADS, in the year-ago period.
The most recent quarter included a tax benefit of $118.5 million.
The Singapore based chipmaker said revenue in the quarter ended Sept. 30 fell slightly to $354.8 million from $355.3 million.
Analysts polled by Thomson Financial were expecting, on average, breakeven results on a per-share basis on revenue of $340 million.
Chartered expects fourth-quarter earnings per basic ADS in a range of a loss of a penny to earnings of 3 cents, and revenue in a range of $334 million to $346 million.
The company's shares rose 6 cents to close the regular session at $7.25.
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Company Financials |
Oct. 25, 2007 Market Closed American Depositary Shares |
Market : NASDAQ-GS |
Last Sale: | $ 7.25 | Net Change: | 0.11 ![]() |
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Share Volume: | 27,969 | Previous Close: | $ 7.14 | |
Today's High: | $ 7.25 | Today's Low: | $ 7.08 | |
Best Bid: | N/A | Best Ask: | N/A | |
52 Week High: | $ 10.59 | 52 Week Low: | $ 6.60 | |
P/E Ratio: | NE | Shares Outstanding: | 5,920,000 | |
Earnings Per Share (EPS): | $ -0.01 | Market Value: | $ 42,920,000 | |
NASDAQ Official Open Price: | $ 7.12 | Date of Open Price: | Oct. 25, 2007 | |
NASDAQ Official Close Price: | $ 7.30 | Date of Close Price: | Oct. 25, 2007 |
this one will

This one seems to be trading in a narrow band between $1 and $1.10
Recent stock market troubles seems to have no effect on chartered.
Why focus on a trading stock when there are so many good value ones out there with more upside
I actually knew someone who bought 50 lots at $16 last time. OUCH!
a fren and i have some CSM stocks...since long long ago...
we both agreed that it is a finished business... singapore cannot compete in the wafer manufacturing anymore.. more over, it is game, set, match over as a toy for the woman.. she's long lost interest in this company's future, i humbly believe..
i really shd be sold off and taken private for it have any chance of surviving in the long term.
i am not selling my lots yet, but certainly not buying anymore of this forsaken outfit.
It will probably rise tommorow but I think the general trend is still downwards.
NASDAQ 2805.68 33.48



CHRT | $ 7.27 | 0.08 ![]() |
10,949 |
NASDAQ-GS |
So you ran today pension?
Around 1.09, 1.1?
for those vested, dun be greedy, make money must know how to run.
we all know chartered loss money, no matter how, this counter still worth 1.30. after the financial announcement, based on it pass trading pattern, this counter will cheong.
cheong ahhhhhhhhhh
You can read it at remisiers.org, report on CSM out today
Har?? Underperform but target price is $1.27????!!
Don't make sense to me. What does Underperform mean then?
Read citigroup report today, has Underperform but target price for CSM at $1.27. How interesting !
I forget to run today.
I think for this counter, better to just run! Hahaha
those buy, make some money, make sure you know how to run.