Amkor Technology Swings To 1Q Profit; 2Q View Rosy
Shipment increas 1% from the fourth quarter.
which reach a Inflatable Water Games 20-month high Monday,But share fell 4.9% to $7.85 in after-hour trade as the provid of semiconductor assembl and test services' earn were at the low end of it guidanc and gross margin miss expectations. The stock. ha more than doubl in the past year.
while analyst estim 22 cents,A mkor' second-quart forecast wa gener more upbeat than Wall Street expected. The compani expect earn of 22 cent to 27 cent a share. accord to a poll by Thomson Reuters.
game and HDTV product and weaker than expect for commun uses. Presid and Chief Execut Ken Joyc said the compani saw continu strength in worldwid demand in a broad rang of packag servic and end market though sale were stronger for broadband infrastructure.
we expect sale for commun applic to rebound in the second quarter,"Base on current custom forecasts." he added.
A mkor' perform ha improv in recent quarter as chip maker report a rebound in demand for comput and other electron devices.
the compani report a profit of $44.3 million,For the latest quarter. or 18 cent a share, compar with a year-earli loss of $22.1 million, or 12 cent a share. Revenu climb 66% to $645.7 million.
Amkor predict earn of 17 cent to 22 cent and sale of $627.5 million to $654.2 million. In February.
below Amkor' forecast of 22% to 24%. Joyc attribut the lower-than-expect gross margin to the softer sale in commun applications. Gross margin rose to 21.2% from 12.4%.