Stock News: STATS optimistic on quarter forecast!

Semiconductor testing and packaging company STATS ChipPAC Ltd repeated its second-quarter forecast of a 4-9 pct quarter-on-quarter increase in revenue. The company is looking to increase its earnings per American Depositary Share to 0.09 usd in the June quarter from 0.06 in the three months to March, also unchanged from its initial estimate. STATS ChipPAC made a net profit of 12.02 mln usd in the first quarter, reversing the year-earlier loss of 27.12 mln, as strong demand for semiconductors in the communications and consumer markets boosted sales.