Amkor Technology Analysts Boost Their Forecasts After Better-Than-Expected Q2 Earnings

Amkor Technology Inc (NASDAQ:AMKR) reported better-than-expected second-quarter financial results and issued third-quarter sales guidance above estimates on Monday.

Amkor Tech reported quarterly earnings of 22 cents per share which beat the analyst consensus estimate of 16 cents per share. The company reported quarterly sales of $1.51 billion which beat the analyst consensus estimate of $1.42 billion.

Amkor Tech said it sees third-quarter GAAP EPS of 34 cents to 48 cents and sales of $1.875 billion to $1.975 billion.

“We delivered second quarter revenue of $1.51 billion, up 14% sequentially and above the high end of guidance, with double-digit growth across all end markets,” ...