Amkor Technology (AMKR) Lags Q3 Earnings Estimates

Core Viewpoint - Amkor Technology reported quarterly earnings of $0.49 per share, slightly missing the Zacks Consensus Estimate of $0.50 per share, and down from $0.54 per share a year ago, indicating a -2% earnings surprise [1][2] Financial Performance - The company posted revenues of $1.86 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.55%, and showing an increase from $1.82 billion year-over-year [2] - Over the last four quarters, Amkor Technology has exceeded consensus EPS estimates three times and topped revenue estimates four times [2] Stock Performance - Amkor Technology shares have declined approximately 10.2% since the beginning of the year, contrasting with the S&P 500's gain of 21.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.54 on revenues of $1.85 billion, while for the current fiscal year, the estimate is $1.55 on revenues of $6.51 billion [7] - The trend of estimate revisions for Amkor Technology is mixed, which may change following the recent earnings report [6] Industry Context - The Electronics - Semiconductors industry, to which Amkor belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]