US0316521006 - Common Stock
Shares of semiconductor packaging and testing company Amkor Technology (NASDAQ:AMKR) fell 21.2% in the afternoon session after the company reported underwhelming third-quarter earnings results, with revenue and EPS guidance for the next quarter falling below analysts' expectations, sending shares lower. In addition, EPS and EBITDA missed, suggesting that profitability might be under pressure.
The US market regular session of Monday is over, let's have a look at the top gainers and losers in the after hours session today.
Semiconductor packaging and testing company Amkor Technology (NASDAQ:AMKR) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 2.2% year on year to $1.86 billion. On the other hand, next quarter’s revenue guidance of $1.65 billion was less impressive, coming in 10.5% below analysts’ estimates. Its GAAP profit of $0.49 per share was 1.7% below analysts’ consensus estimates.
Semiconductor packaging and testing company Amkor Technology (NASDAQ:AMKR) will be announcing earnings results tomorrow afternoon. Here’s what investors should know.
The industry is relying on federal funds to restore its manufacturing prowess. Hurdles are appearing.
Taiwan Semiconductor Manufacturing recently announced its monthly revenue numbers.
Under-the-radar tech stocks are well positioned to grow investor capital through innovation and untapped value in the market.