{"id":7813,"date":"2023-11-01T00:35:49","date_gmt":"2023-11-01T00:35:49","guid":{"rendered":"https:\/\/infundpros.com\/markets\/stocks\/amkor-technology-shares-drop-14-on-guidance-miss\/"},"modified":"2023-11-01T00:35:49","modified_gmt":"2023-11-01T00:35:49","slug":"amkor-technology-shares-drop-14-on-guidance-miss","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=7813","title":{"rendered":"Amkor Technology shares drop 14% on guidance miss"},"content":{"rendered":"
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\u00a9 Reuters. Amkor Technology shares drop 14% on guidance miss<\/span>
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Amkor Technology <\/span><\/span> (NASDAQ:) reported its Q3 results, with EPS of $0.54 coming in better than the consensus estimate of $0.53. Revenue was $1.82 billion, beating the consensus estimate of $1.8B. However, shares dropped more than 14% after-hours today on the company\u2019s disappointing Q4 guidance.<\/p>\n

\u201cAmkor delivered third quarter revenue and profitability at the high end of guidance. Revenue of $1.82 billion was up 25% sequentially, driven by growth within the Communications end market, which grew year-on-year to a new record level,\u201d said CEO Giel Rutten.<\/p>\n

The company expects Q4\/23 EPS in the range of $0.32-$0.49, missing the consensus of $0.63. Revenue of $1.625-$1.725B also came in worse than the consensus estimate of $1.87B.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Amkor Technology shares drop 14% on guidance miss Amkor Technology (NASDAQ:) reported its Q3 results, with EPS of $0.54 coming…<\/p>\n","protected":false},"author":1,"featured_media":1206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":{"0":"post-7813","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nAmkor Technology shares drop 14% on guidance miss | inFundPros<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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