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    Home » Amkor Technology Reports Decline in Q3 Sales and Earnings
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    Amkor Technology Reports Decline in Q3 Sales and Earnings

    October 30, 20231 Min Read
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    Shares of Amkor Technology, a provider of semiconductor packaging and test services, experienced a drop in after-hours trading following the release of their third-quarter financial results. Both sales and earnings per share were down compared to the same period last year.

    After-Hours Trading

    At 6:32 p.m. EDT on Monday, the company’s stock fell by 16.14% to a trading price of $17.14. This decline comes after the stock closed at $20.44 during the regular session, marking a 1.5% decrease. Furthermore, the stock reached a 52-week low of $19.68 per share on November 1, 2022.

    Q3 Earnings Report

    Amkor reported earnings per share of 54 cents for the third quarter, with sales amounting to $1.82 billion. In comparison, during the same period last year, the company reported EPS of $1.24 on sales of $2.08 billion.

    Q4 Outlook

    Looking ahead to the fourth quarter, Amkor anticipates sales to range between $1.625 billion and $1.725 billion, with earnings per share estimated to fall between 32 cents and 49 cents.

    Written by Stephen Nakrosis

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    Amkor Technology earnings report Q3 sales
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