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, causing its shares to trade lower.
October 31, 2023 | 12:43 pm
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NEGATIVE IMPACT
Amkor Technology's Q3 EPS results decreased YoY and its Q4 revenue guidance was below estimates, leading to a drop in its share price.
Amkor Technology's lower than expected Q3 earnings and Q4 revenue guidance are negative indicators for the company's financial performance. This has led to a decrease in investor confidence, reflected in the lower trading price of its shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100