Venture Corp posts 27.5% drop in 3Q earnings to $80.8 mil on lower revenue

SINGAPORE (Nov 2): Venture Corp reported a 27.5% drop in earnings to $80.8 million for the 3Q ended September, from $111.4 million a year ago, on the back of lower revenue.

3Q18 revenue fell 27.4% to $770.4 million, from $1.06 billion a year ago.

The decline was mainly attributable to the impact arising from customers’ planned transition to new replacement products and some customers’ M&A activities for the reported quarter.

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