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home / news releases / AMKR - Why Amkor Stock Skyrocketed Today


AMKR - Why Amkor Stock Skyrocketed Today

Shares of Amkor (NASDAQ: AMKR) have skyrocketed today, up by 20% as of noon EST, after the company reported fourth-quarter earnings results. The semiconductor packaging specialist beat expectations for both the top and bottom lines.

Revenue in the fourth quarter increased 9% to a record $1.2 billion, which translated into net income of $99 million, or $0.41 per share. Analysts were expecting the tech company to report just $0.23 per share in profit. That brought full-year 2019 revenue to $4.05 billion, with operating cash flow of $564 million and free cash flow of $104 million.

Image source: Getty Images.

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Stock Information

Company Name: Amkor Technology Inc.
Stock Symbol: AMKR
Market: NASDAQ
Website: amkor.com

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