Amkor Technology Inc reports results for the quarter ended June 30 - Earnings Summary

• Amkor Technology Inc AMKR.OQ reported quarterly adjusted earnings of 22 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 27 cents. The mean expectation of ten analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 15 cents to 18 cents per share.

• Revenue rose 3.4% to $1.51 billion from a year ago; analysts expected $1.42 billion.

• Amkor Technology Inc's reported EPS for the quarter was 22 cents​.

• The company reported quarterly net income of $54.42 million.

• Amkor Technology Inc shares had risen by 0.8% this quarter and lost 17.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.5% 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 "buy."

• Wall Street's median 12-month price target for Amkor Technology Inc is $22.00, about 3.8% above its last closing price of $21.16

This summary was machine generated from LSEG data July 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)