Amkor Technology Expects Q2 Net Sales Of $1.40B-$1.50B (Est $1.389B), Gross Margin Of 13.0%-15.0%, EPS Of $0.14-$0.30 (Est $0.15)
Portfolio Pulse from Benzinga Newsdesk
Amkor Technology projects Q2 net sales to be between $1.40B-$1.50B, surpassing the estimated $1.389B. The company also forecasts a gross margin of 13.0%-15.0% and an EPS of $0.14-$0.30, which is in line with or above the estimated $0.15.
April 29, 2024 | 8:13 pm
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Amkor Technology expects Q2 net sales to exceed estimates with a range of $1.40B-$1.50B and projects EPS of $0.14-$0.30, potentially outperforming the estimated $0.15.
Amkor Technology's projection of higher than expected Q2 net sales and EPS indicates a positive outlook, likely leading to a positive short-term impact on its stock price. The company's forecast surpasses analyst estimates, which typically results in increased investor confidence and can drive up the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100