By Dean Seal
Amkor Technology logged a smaller profit in the first quarter, but topped Wall Street's revenue estimates and guided for a better-than-expected second quarter.
The semiconductor product packaging and test services provider posted a profit of $21 million, or 9 cents a share, compared with $59 million, or 24 cents a share, in the same quarter a year earlier. The earnings figure was in line with analyst forecasts, according to FactSet.
Revenue slid to $1.32 billion from $1.37 billion a year ago, but still topped analyst projections for $1.28 billion.
Chief Executive Giel Rutten said the company is closely watching the evolving tariff war and assessing potential impacts on the supply chains of its customers.
Amkor is looking to record $1.37 billion to $1.48 billion in revenue for the current quarter. That's above estimates for $1.33 billion, according to FactSet. Earnings are expected to come in at 7 cents to 23 cents a share.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 28, 2025 16:42 ET (20:42 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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