Amkor Technology shares are trading lower after the company reported a year-over-year decrease in Q3 EPS results and issued Q4 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Amkor Technology reported a year-over-year decrease in Q3 EPS results and issued Q4 revenue guidance below estimates, leading to a drop in its share price.
October 30, 2023 | 8:27 pm
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Amkor Technology's Q3 EPS results decreased YoY and the company issued Q4 revenue guidance below estimates, causing its shares to trade lower.
Amkor Technology's lower than expected Q3 EPS results and Q4 revenue guidance indicate potential financial instability, which is likely to negatively impact investor sentiment and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100