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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.