Amkor Technology (AMKR) Misses Q1 EPS by 1c

Amkor Technology (NASDAQ: AMKR) reported Q1 EPS of $0.04, $0.01 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.02 billion.

Business Outlook

"We expect second quarter 2018 revenues to be around $1.03 billion, up 2% year-on-year," said Kelley. "The smartphone market is expected to remain somewhat muted in Q2, while demand in our other end markets is solid.\"

Second quarter 2018 outlook (unless otherwise noted):

• Net sales of $990 million to $1.07 billion
• Gross margin of 14% to 16%
• Net loss of $4 million to net income of $24 million, or ($0.02) to $0.10 per diluted share
• Full year capital expenditures of approximately $600 million

(Street sees Q2 EPS of 14c on sales of $1.08 billion)

For earnings history and earnings-related data on Amkor Technology (AMKR) click here.

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