Intel stock extends gains after report of possible U.S. government stake
Investing.com - Amkor reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Amkor announced earnings per share of $1.24 on revenue of $2.1B. Analysts polled by Investing.com EPS of $0.80 on revenue of $1.79B.
Amkor 's are down 14% and is trading at $21.70 , still down 21.96% from its 52 week high of $26.64 set on Tuesday, January 4, 2022.
Amkor shares gained 4.38% to trade at $21.70 in after-hours trade the report.
Amkor follows other major Information Technology sector earnings this month
Amkor's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
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