Amkor Q3 Earnings Miss: Will Dim Q4 Guidance Pull Down the Stock?
AMKRAmkor Technology(AMKR) ZACKS·2024-10-29 23:35

Amkor Technology (AMKR) reported lower-than-expected bottom-line results for third-quarter 2024. AMKR's third-quarter earnings declined 9.3% year over year to 49 cents per share, which missed the Zacks Consensus Estimate by a penny. Amkor reported revenues of $1.86 billion for the quarter, which surpassed the consensus mark of $1.83 billion. The top line also increased 2.2% year over year, mainly driven by the robust demand for the Advanced SiP technology to support the Communications and Consumer end marke ...