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.

TRADEMARK VIOLATION WARNING: “Amkor Technology, Inc. (AMKR) Updates Q4 Earnings Guidance” was reported by American Banking News and is owned by of American Banking News. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/10/30/amkor-technology-inc-amkr-updates-q4-earnings-guidance.html.

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.

Receive News & Ratings for Amkor Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amkor Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.