Amkor slides on worse-than-expected Q4 sales, profit forecast
28/10/2024 20:38
** Shares of semiconductor packaging and test services
provider Amkor Technology AMKR.O fall 11% to ~$26, after the
bell
** Company forecast Q4 sales to range between $1.6 bln and
$1.7 bln, lower than analysts' estimate of $1.84 bln, according
to data compiled by LSEG
** Company expects EPS between 28 and 44 cents, compared to
Wall Street expectations of 55 cents
** Reports Q3 revenue of $1.86 bln vs ests. of $1.84 bln
** Posts Q3 EPS of 49 cents vs ests. of 50 cents
** Six of 11 brokerages rate the stock "buy" or higher, four
"hold" and one "sell"; their median PT is $40
(Reporting by Aishwarya Jain in Bengaluru)
((Aishwarya.Jain@thomsonreuters.com;))