Amkor Technology Q1 Earnings, Sales Fall; Sets Q2 Guidance

MT Newswires Live
04-29

Amkor Technology (AMKR) reported Q1 earnings late Monday of $0.09 per diluted share, up from $0.24 a year earlier.

Analysts polled by FactSet also expected $0.09.

Sales for the quarter ended March 31 were $1.32 billion, down from $1.37 billion a year earlier.

Analysts surveyed by FactSet expected $1.28 billion.

For Q2, the company expects EPS of $0.07 to $0.23 on sales of $1.38 billion to $1.48 billion. Analysts expected earnings of $0.16 on sales of $1.33 billion.

Shares were up over 2% in after-hours trading.

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