Amkor Technology, Inc. (AMKR) Set to Announce Quarterly Earnings on Monday

Amkor Technology, Inc. (NASDAQ:AMKR) is scheduled to be announcing its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Amkor Technology has set its Q3 guidance at $0.10-0.27 EPS.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.03. The firm had revenue of $989.00 million for the quarter, compared to the consensus estimate of $996.10 million. Amkor Technology had a return on equity of 12.95% and a net margin of 6.63%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the business posted $0.02 EPS. On average, analysts expect Amkor Technology to post $0.54 EPS for the current fiscal year and $0.74 EPS for the next fiscal year.

Amkor Technology, Inc. (NASDAQ:AMKR) opened at 10.95 on Friday. Amkor Technology, Inc. has a 1-year low of $8.32 and a 1-year high of $12.48. The stock has a 50 day moving average price of $10.18 and a 200-day moving average price of $10.44. The stock has a market capitalization of $2.62 billion, a P/E ratio of 9.88 and a beta of 2.66.

AMKR has been the topic of several research reports. BidaskClub downgraded Amkor Technology from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Deutsche Bank AG reissued a “hold” rating and issued a $10.50 target price (down from $12.00) on shares of Amkor Technology in a research report on Tuesday, August 1st. Finally, ValuEngine raised Amkor Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st.

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About Amkor Technology

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.

Earnings History for Amkor Technology (NASDAQ:AMKR)

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