Amkor Technology Inc reports results for the quarter ended in June - Earnings Summary

Amkor Technology

29/07/2024 22:01

* Amkor Technology Inc  AMKR.OQ  reported quarterly adjusted
earnings of 27 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 26 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 23 cents per share. Wall
Street expected results to range from 20 cents to 26 cents per
share.
    * Revenue rose 0.2% to $1.46 billion from a year ago;
analysts
expected $1.45 billion. 
    * Amkor Technology Inc's reported EPS for the quarter was 27
cents​.
    * The company reported quarterly net income of $66.9
million.
    * Amkor Technology Inc shares had fallen by 4.7% this
quarter and
gained 14.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 22% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the semiconductor
equipment & testing peer group is also "hold"

Wall Street's median 12-month price target for Amkor Technology
Inc is $40.00 
This summary was machine generated from LSEG data July 29 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.23           0.27           Beat
 Mar. 31 2024      0.11           0.19           Beat
 Dec. 31 2023      0.41           0.48           Beat
 Sep. 30 2023      0.53           0.54           Beat