Amkor Technology Inc reports results for the quarter ended in September 30 - Earnings Summary
29/10/2024 02:35
* Amkor Technology Inc AMKR.OQ reported quarterly adjusted
earnings of 49 cents per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 54 cents. The mean expectation of
eleven analysts for the quarter was for earnings of 50 cents per
share. Wall Street expected results to range from 49 cents to 54
cents per share.
* Revenue rose 2.2% to $1.86 billion from a year ago;
analysts
expected $1.84 billion.
* Amkor Technology Inc's reported EPS for the quarter was 49
cents.
* The company reported quarterly net income of $122.57
million.
* Amkor Technology Inc shares had fallen by 2.4% this
quarter and
lost 10.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 5.9%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "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 $38.00
This summary was machine generated from LSEG data October 29 at
02:35 a.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
Sep. 30 2024 0.50 0.49 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