Amkor Technology (AMKR) Announces Quarterly Earnings Results

Amkor Technology (NASDAQ:AMKR) released its quarterly earnings results on Monday. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.06, MarketWatch Earnings reports. Amkor Technology had a return on equity of 9.15% and a net margin of 4.51%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. Amkor Technology’s revenue for the quarter was down .8% on a year-over-year basis. Amkor Technology updated its Q4 2018 guidance to $0.02-0.14 EPS.

Shares of NASDAQ AMKR traded up $0.77 during mid-day trading on Tuesday, reaching $6.81. The company’s stock had a trading volume of 2,256,707 shares, compared to its average volume of 1,417,855. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 11.73 and a beta of 2.52. The company has a quick ratio of 1.05, a current ratio of 1.26 and a debt-to-equity ratio of 0.69. Amkor Technology has a 52 week low of $5.72 and a 52 week high of $11.88.

Several analysts have issued reports on AMKR shares. ValuEngine lowered Amkor Technology from a “hold” rating to a “sell” rating in a report on Friday, September 7th. BidaskClub raised Amkor Technology from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. Credit Suisse Group reissued a “neutral” rating on shares of Amkor Technology in a report on Wednesday, October 17th. Zacks Investment Research lowered Amkor Technology from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Finally, Deutsche Bank boosted their price target on Amkor Technology from $9.50 to $10.00 and gave the company a “hold” rating in a report on Tuesday, July 31st. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Amkor Technology has an average rating of “Sell” and a consensus price target of $7.88.

About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.

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Earnings History for Amkor Technology (NASDAQ:AMKR)

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