Amkor Technology, Inc. (AMKR) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Amkor Technology, Inc. (NASDAQ:AMKR) announced its earnings results on Monday. The semiconductor company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03, Briefing.com reports. Amkor Technology had a return on equity of 12.95% and a net margin of 6.63%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Amkor Technology updated its Q4 guidance to $0.14-0.23 EPS.
Amkor Technology (NASDAQ:AMKR) traded up 1.28% on Monday, reaching $11.09. The company had a trading volume of 1,324,042 shares. Amkor Technology has a one year low of $8.32 and a one year high of $12.48. The company’s 50 day moving average is $10.35 and its 200-day moving average is $10.43. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 10.01 and a beta of 2.66.
Several equities research analysts recently commented on the company. Deutsche Bank AG restated a “hold” rating and set a $10.50 target price (down previously from $12.00) on shares of Amkor Technology in a research report on Tuesday, August 1st. BidaskClub lowered Amkor Technology from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, ValuEngine upgraded Amkor Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st.
About Amkor Technology
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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