Amkor Tech Q4 2023 GAAP EPS $0.48 Beats $0.41 Estimate, Sales $1.75B Beat $1.68B Estimate
Portfolio Pulse from Benzinga Newsdesk
Amkor Tech (NASDAQ:AMKR) reported Q4 2023 earnings of $0.48 per share, surpassing the $0.41 estimate, with sales of $1.75B also beating the $1.68B estimate. This represents a decrease of 8.18% in sales compared to the same period last year.
February 05, 2024 | 9:04 pm
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Amkor Tech reported higher than expected Q4 2023 earnings and sales, with EPS at $0.48 against a $0.41 estimate and sales of $1.75B surpassing the $1.68B forecast.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant beat on both fronts for Amkor Tech suggests a strong performance, despite the year-over-year sales decrease, which might be overlooked by the market in the short term due to the positive earnings surprise.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100