Recap: Amkor Technology Q2 Earnings

Shares of Amkor Technology AMKR rose 10% in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 2400.00% year over year to $0.23, which beat the estimate

Shares of Amkor Technology AMKR rose 13.0% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 2400.00% year over year to $0.23, which beat the estimate of ($0.03).

Revenue of $1,173,000,000 up by 31.02% from the same period last year, which beat the estimate of $1,050,000,000.

Looking Ahead

Q3 EPS expected to be between $0.17 and $0.35.

Q3 revenue expected to be between $1,200,000,000 and $1,300,000,000.

How To Listen To The Conference Call

Date: Jul 27, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/g44jsm8x

Price Action

52-week high: $15.24

Company's 52-week low was at $5.40

Price action over last quarter: Up 42.53%

Company Overview

Amkor Technology Inc is a provider of outsourced semiconductor packaging and test services to integrated device manufacturers, fabless semiconductor companies, and contract foundries. The firm's products are organized into two streams: advanced products, including flip chip, wafer-level processing and testing services; and mainstream products, including wirebond packaging and testing. Roughly a third of the firm's revenue is generated in the United States, with the rest coming from China, Ireland, Japan, Malaysia, Taiwan, Singapore, and countries across the world.