In the latest trading session, Amkor Technology (AMKR) closed at $11.96, marking a -1.89% move from the previous day. This change lagged the S&P 500’s daily loss of 0.94%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq lost 2.13%.

Coming into today, shares of the chip packaging and test services provider had gained 9.72% in the past month. In that same time, the Computer and Technology sector gained 5.46%, while the S&P 500 gained 0.02%.

Investors will be hoping for strength from AMKR as it approaches its next earnings release. In that report, analysts expect AMKR to post earnings of -$0.02 per share. This would mark year-over-year growth of 50%. Meanwhile, our latest consensus estimate is calling for revenue of $1.05 billion, up 17.32% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $0.70 per share and revenue of

Read More