Investing.com - Amkor (NASDAQ:AMKR) 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 anticipated EPS of $0.80 on revenue of $1.79B.
Amkor shares are down 14% from the beginning of the year, still down 21.96% from its 52 week high of $26.64 set on January 4.
Amkor shares gained 4.38% in after-hours trade following 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, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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