Amkor Technology Inc. (AMKR) Updates Q1 Earnings Guidance
Amkor Technology Inc. (NASDAQ:AMKR) updated its first quarter earnings guidance on Monday. The company provided earnings per share guidance of ($0.02)-$0.08 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.09, Analyst Ratings Net reports. The company issued revenue guidance of $650-700 million, compared to the consensus revenue estimate of $724.26 million.
Shares of Amkor Technology Inc. (NASDAQ:AMKR) traded up 2.50% on Monday, hitting $5.32. 1,112,434 shares of the company’s stock traded hands. Amkor Technology Inc. has a 52-week low of $3.55 and a 52-week high of $6.19. The stock’s 50-day moving average is $5.71 and its 200-day moving average is $5.01. The company has a market cap of $1.159 billion and a P/E ratio of 13.91.
Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, February 10th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. The company had revenue of $755.00 million for the quarter, compared to the consensus estimate of $758.88 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Amkor Technology Inc. will post $0.47 earnings per share for the current fiscal year.
Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging (assembly) and test services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.