Amkor Technology (AMKR) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2%. A quarter ago, it was expected that this chip packaging and test services provider would post earnings of $0.22 per share when it actually produced earnings of $0.27, delivering a surprise of 22.73%. Over th ...

Amkor Technology Reports Financial Results for the Third Quarter 2024 TEMPE, Ariz. -- October 28, 2024 -- Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights • Net sales $1.86 billion, up 27% sequentially • Gross profit $272 million, operating income $149 million • Net income $123 million, earnings per diluted share $0.49 • EBITDA $309 million "A ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Amkor Technology (AMKR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Amkor Technology currentl ...

Amkor Technology (AMKR) is slated to report third-quarter 2024 results after market close on Oct. 28.AMKR anticipates third-quarter revenues between $1.785 billion and $1.885 billion (mid-point $1.835 billion), indicating sequential growth of 22-29%. The Zacks Consensus Estimate for revenues is pegged at $1.83 billion, suggesting a rise of 0.6% from the year-ago quarter’s $1.82 billion.Amkor expects third-quarter earnings per share in the range of 42-56 cents. The Zacks Consensus Estimate for earnings is pi ...

Amkor Technology (AMKR) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 28, 2024, might help the stock move higher if these key numbers are bette ...

In the latest trading session, Amkor Technology (AMKR) closed at $30.48, marking a +1.67% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.47%. On the other hand, the Dow registered a gain of 0.79%, and the technology-centric Nasdaq increased by 0.28%.Heading into today, shares of the chip packaging and test services provider had lost 2.31% over the past month, lagging the Computer and Technology sector's gain of 3.88% and the S&P 500's gain of 3.48% in that tim ...

In the latest market close, Amkor Technology (AMKR) reached $30.08, with a -1.38% movement compared to the previous day. This change lagged the S&P 500's 0.96% loss on the day. Meanwhile, the Dow experienced a drop of 0.94%, and the technology-dominated Nasdaq saw a decrease of 1.18%.The chip packaging and test services provider's stock has climbed by 6.98% in the past month, falling short of the Computer and Technology sector's gain of 7.35% and outpacing the S&P 500's gain of 4.3%.The investment community ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Amkor Technology (AMKR) , which belongs to the Zacks Electronics - Semiconductors industry.This chip packaging and test services provider has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 81.36%.For the most recent quarter, Amkor Tec ...

Amkor Technology (AMKR) shares have lost 17.7% in the past three months, underperforming the Zacks Electronics - Semiconductors industry and the S&P 500 index’s return of 2.2% and 4.2%, respectively. The underperformance is attributable to a myriad of challenges that are keeping the investors away.Throughout the past year, Amkor struggled with supply chain disruption caused by geopolitical tension and faced macroeconomic challenges caused by high inflation and interest rates. The outsourced semiconductor pa ...

The most recent trading session ended with Amkor Technology (AMKR) standing at $30.36, reflecting a -0.99% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.13%. On the other hand, the Dow registered a gain of 0.55%, and the technology-centric Nasdaq decreased by 0.52%.The the stock of chip packaging and test services provider has fallen by 5.84% in the past month, lagging the Computer and Technology sector's gain of 1.56% and the S&P 500's gain o ...