Amkor Tech Q2 EPS $0.26 Beats $0.21 Estimate, Sales $1.46B Miss $1.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
Amkor Tech (NASDAQ:AMKR) reported Q2 earnings of $0.26 per share, beating the analyst consensus estimate of $0.21 by 23.81%. However, this is a 49.02% decrease from the same period last year. The company's quarterly sales of $1.46 billion missed the analyst consensus estimate of $1.48 billion by 1.49%, marking a 3.12% decrease from the same period last year.
July 31, 2023 | 8:21 pm
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Amkor Tech's Q2 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
Despite beating the earnings estimate, Amkor Tech's significant YoY decrease in earnings and sales, as well as missing the sales estimate, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100