Amkor Technology, Inc. (AMKR) Updates Q4 Earnings Guidance
Amkor Technology, Inc. (NASDAQ:AMKR) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.14-0.23 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.24. The company issued revenue guidance of $1.05-1.13 billion, compared to the consensus revenue estimate of $1.09 billion.
A number of equities research analysts have 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. BidaskClub downgraded shares of Amkor Technology from a buy rating to a hold rating in a research note on Saturday, August 5th. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a $10.50 target price (down from $12.00) on shares of Amkor Technology in a research note on Tuesday, August 1st.
Shares of Amkor Technology, Inc. (NASDAQ AMKR) traded up 1.28% during midday trading on Monday, reaching $11.09. 1,324,042 shares of the company were exchanged. The stock has a market capitalization of $2.65 billion, a P/E ratio of 10.01 and a beta of 2.66. The company has a 50 day moving average price of $10.29 and a 200-day moving average price of $10.44. Amkor Technology, Inc. has a 12-month low of $8.32 and a 12-month high of $12.48.
Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. Amkor Technology had a return on equity of 12.95% and a net margin of 6.63%. The business had revenue of $989.00 million during the quarter, compared to the consensus estimate of $996.10 million. During the same period in the prior year, the company posted $0.02 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts forecast that Amkor Technology, Inc. will post $0.54 earnings per share for the current fiscal year.
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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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