Amkor Technology Inc reports results for the quarter ended March 31 - Earnings Summary

• Amkor Technology Inc AMKR.OQ reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of nine analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 5 cents to 11 cents per share.

• Revenue fell 3.2% to $1.32 billion from a year ago; analysts expected $1.28 billion.

• Amkor Technology Inc's reported EPS for the quarter was 9 cents​.

• The company reported quarterly net income of $21.13 million.

• Amkor Technology Inc shares had fallen by 2.8% this quarter and lost 31.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 68.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is also "hold"

• Wall Street's median 12-month price target for Amkor Technology Inc is $27.65

This summary was machine generated from LSEG data April 28 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)