Amkor Tech Q1 2024 GAAP EPS $0.24 Beats $0.11 Estimate, Sales $1.366B Beat $1.357B Estimate
Portfolio Pulse from Benzinga Newsdesk
Amkor Tech (AMKR) reported Q1 2024 earnings of $0.24 per share, surpassing the $0.11 estimate, with sales of $1.366B also beating the $1.357B estimate, despite a 7.20% decrease from the previous year.
April 29, 2024 | 8:06 pm
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Amkor Tech reported a significant beat on both earnings per share and sales for Q1 2024, with EPS at $0.24 against an $0.11 estimate and sales of $1.366B against a $1.357B estimate.
Beating both EPS and sales estimates significantly, especially in a challenging year-over-year comparison, indicates strong operational performance and efficiency. This outperformance is likely to positively influence investor sentiment and could lead to a short-term uptick in AMKR's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100