NasdaqGS:AMKRSemiconductor
Amkor Technology (AMKR) Stock Price Slumps Despite Profit And Margin Surge
Amkor Technology just saw almost a quarter of its market value erased in a single session, with the stock falling 24.7% to US$45.69, even though the quarter it delivered looks far better than that move suggests. Revenue reached about US$1.9b in Q2 and earnings per share came in around US$0.70, both pointing to a business that is running materially harder than it was a year ago.
The heart of today’s story is profit strength. Net income of roughly US$174m and firmer margins sit at the center of...