Amkor Technology's stock soared 6.36% in after-hours trading on Thursday, as investor optimism built ahead of the company's scheduled quarterly earnings release.
The surge is attributed to consensus estimates projecting strong financial performance. Analysts expect revenue of $1.654 billion, a year-over-year increase of 29.69%, and adjusted earnings per share to surge 177.68% compared to the same period last year. Management has provided net income guidance in the range of $45 million to $70 million, with the market closely monitoring the earnings recovery.
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