Amkor Tech Sees Q3 EPS $0.53 Vs $0.59 Est.; Revenue $1.725B-$1.825B Vs $1.78B Est.
Portfolio Pulse from Benzinga Newsdesk
Amkor Tech has provided its Q3 2023 guidance, expecting EPS of $0.53, lower than the estimated $0.59. The company anticipates revenue between $1.725B and $1.825B, which is in line with the estimated $1.78B. Gross margin is expected to be between 13.5% and 15.5%, and net income between $90M and $130M. Full year capital expenditures are projected at around $750M.
July 31, 2023 | 8:25 pm
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NEGATIVE IMPACT
Amkor Tech's Q3 2023 guidance is lower than expected, which could negatively impact the stock in the short term.
Amkor Tech's lower than expected EPS guidance for Q3 2023 could lead to a negative sentiment among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100