Amkor Technology Earnings: Everything You Must Know Now
Amkor Technology, Inc. (NASDAQ:AMKR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Amkor Technology, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 18.18% to $0.13 in the quarter versus EPS of $0.11 in the year-earlier quarter.
Revenue: Rose 5.74% to $723 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Amkor Technology, Inc. reported adjusted EPS income of $0.13 per share. By that measure, the company beat the mean analyst estimate of $0.12. It beat the average revenue estimate of $704.24 million.
Quoting Management: “We are pleased with our fourth quarter results and improvements over the prior quarters of 2012 and the fourth quarter of 2011,” said Ken Joyce, Amkor’s president and chief executive officer. “Bolstered by solid sales growth in mobile communications, results for the quarter came in at the higher end of our expectations. Our investments in support of the communications end market are paying off and continue to gain momentum. Driven by notable strength in smartphones and tablets, our communications revenue grew 12% and represented nearly 50% of our total sales in 2012.”
Key Stats (on next page)…
Revenue increased 3.98% from $695.35 million in the previous quarter. EPS increased 18.18% from $0.11 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.08 to a profit $0.09. For the current year, the average estimate has moved down from a profit of $0.49 to a profit of $0.39 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)