Amkor Technology, Inc. (AMKR) Posts Earnings Results, Beats Estimates By $0.03 EPS
Amkor Technology, Inc. (NASDAQ:AMKR) posted its quarterly earnings data on Monday. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03, Briefing.com reports. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.08 billion. Amkor Technology had a net margin of 6.41% and a return on equity of 12.32%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. Amkor Technology updated its Q4 guidance to $0.14-0.23 EPS.
Shares of Amkor Technology (NASDAQ:AMKR) opened at 11.57 on Wednesday. The firm’s 50-day moving average is $10.42 and its 200-day moving average is $10.44. The company has a market cap of $2.77 billion, a PE ratio of 10.44 and a beta of 2.66. Amkor Technology has a 1-year low of $8.32 and a 1-year high of $12.48.
A number of equities analysts recently issued reports on the stock. ValuEngine raised shares of Amkor Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Deutsche Bank AG reissued a “hold” rating and issued a $10.50 price objective (down previously from $12.00) on shares of Amkor Technology in a report on Tuesday, August 1st. Finally, BidaskClub cut shares of 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.
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