Amkor Technology Inc. (AMKR) released a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $118 million, or $0.48 per share. This compares with $164 million, or $0.67 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 8.4% to $1.75 billion from $1.91 billion last year.
Amkor Technology Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $118 Mln. vs. $164 Mln. last year.-EPS (Q4): $0.48 vs. $0.67 last year.-Analyst Estimates: $0.41-Revenue (Q4): $1.75 Bln vs. $1.91 Bln last year.
-Guidance:Next quarter EPS guidance: $0.03 - $0.19Next quarter revenue guidance: $1.30 - $1.40 bln
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