Amkor Tech (NASDAQ:AMKR) reported its Q4 earnings results on Monday, February 5, 2024 at 04:03 PM.
Here’s what investors need to know about the announcement.
Earnings
Amkor Tech beat estimated earnings by 17.07%, reporting an EPS of $0.48 versus an estimate of $0.41.
Revenue was down $154.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 2.05% increase in the share price the next day.
Here’s a look at Amkor Tech’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.53 | 0.21 | 0.18 | 0.70 |
| EPS Actual | 0.54 | 0.26 | 0.18 | 0.67 |
| Revenue Estimate | 1.80B | 1.48B | 1.45B | 1.85B |
| Revenue Actual | 1.82B | 1.46B | 1.47B | 1.91B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Amkor Tech management provided guidance for Q1 2024, expecting earnings between $0.03 and $0.19 per share.
To track all earnings releases for Amkor Tech visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
