Amkor Technology Inc.
(NASDAQ:AMKR) shares are trading lower after the company reported second quarter results and issued third quarter sales guidance below estimates.
Earnings Snapshot Amkor reported quarterly earnings of 70 cents per share, which blew past the consensus estimate of 45 cents by 55.56%, according to Benzinga Pro data.
Quarterly revenue came in at $1.9 billion, which beat the analyst consensus estimate of $1.81 billion and was up from $1.51 billion in the same period last year.
Gross margin expanded to 16.8%, up more than 250 basis points from the previous quarter, while gross profit increased 33% sequentially to $319 million.
