Movement Alert｜Amkor Technology rise 5.27% in Pre-Market Trading, stock gains as investors look past a Q3 miss to margin and computing strength

Market Focus10-27 21:26

On October 27, Amkor Technology rose 5.27% in Pre-Market Trading, trading at $38.8627/share, with turnover of $8.374 million.

The move followed the company’s latest quarterly report, with shares gaining even though third-quarter earnings and revenue came in slightly below expectations and fourth-quarter guidance also trailed consensus.

Amkor reported Q3 EPS of $0.76 on revenue of $1.99 billion, versus market expectations of $0.78 and about $2.04 billion. It guided Q4 EPS to $0.65-$0.75 on sales of $1.9-$2.0 billion, below the Street view near $0.77 and $2.04 billion. Even so, recent coverage highlighted record computing revenue and improved gross margin as factors supporting investor sentiment after the release.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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