Amkor Technology Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Amkor Technology (NASDAQ:AMKR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.86b (up 2.2% from 3Q 2023).
• Net income: US$122.6m (down 7.6% from 3Q 2023).
• Profit margin: 6.6% (down from 7.3% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.50 (down from US$0.54 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Amkor Technology Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 1.7%.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 6.6% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Amkor Technology's balance sheet and an in-depth analysis of the company's financial position.

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