Amkor Technology, Inc. (AMKR) Posts Earnings Results, Beats Expectations By $0.03 EPS

Amkor Technology, Inc. (NASDAQ:AMKR) posted its quarterly earnings results on Monday. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03, Briefing.com reports. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.08 billion. Amkor Technology had a return on equity of 12.95% and a net margin of 6.63%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share. Amkor Technology updated its Q4 guidance to $0.14-0.23 EPS.

Amkor Technology (NASDAQ AMKR) opened at 11.09 on Tuesday. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 10.01 and a beta of 2.66. Amkor Technology has a one year low of $8.32 and a one year high of $12.48. The firm’s 50 day moving average price is $10.35 and its 200 day moving average price is $10.43.

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A number of research firms have commented on AMKR. ValuEngine upgraded Amkor Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Deutsche Bank AG restated a “hold” rating and set a $10.50 price target (down from $12.00) on shares of Amkor Technology in a research note on Tuesday, August 1st. Finally, BidaskClub cut Amkor Technology from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th.

Amkor Technology Company Profile

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance.

Earnings History for Amkor Technology (NASDAQ:AMKR)

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