Amkor Technology Inc. (AMKR) reported earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $59 million, or $0.24 per share. This compares with $45 million, or $0.18 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 6.7% to $1.4 billion from $1.5 billion last year.
Amkor Technology Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $59 Mln. vs. $45 Mln. last year.
-EPS (Q1): $0.24 vs. $0.18 last year.
-Revenue (Q1): $1.4 Bln vs. $1.5 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.14-$0.30
Next quarter revenue guidance: $1.4-$1.5 Billion
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