Amkor Sees Q1 EPS $0.03-$0.19 vs $0.27 Est., Net Sales $1.3B-$1.4B vs $1.51B Est.
Portfolio Pulse from Benzinga Newsdesk
Amkor Technology, Inc. forecasts Q1 earnings per share (EPS) to be between $0.03 and $0.19, significantly below the estimated $0.27. Additionally, the company expects net sales to range from $1.3 billion to $1.4 billion, which is also below the estimated $1.51 billion.
February 05, 2024 | 9:05 pm
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Amkor Technology, Inc. anticipates lower-than-expected Q1 earnings and sales, with EPS between $0.03 and $0.19 versus the $0.27 estimate, and net sales between $1.3 billion and $1.4 billion against the $1.51 billion forecast.
The significant shortfall in both projected earnings per share and net sales compared to analyst estimates is likely to negatively impact investor sentiment and the stock price of Amkor Technology, Inc. in the short term. Lower-than-expected financial forecasts can lead to a decrease in stock value as they may indicate underlying challenges in the company's operations or market conditions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100