The semiconductor packager is set to close lower for a fourth straight session after its guidance fails to impress Wall Street.
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Amkor topped Wall Street’s second-quarter estimates, but weaker-than-expected third-quarter sales guidance tempered investor enthusiasm.
Amkor Technology late Monday beat analyst estimates for the second quarter but offered mixed guidance for Q3. Amkor stock fell in extended trading. The Tempe, Ariz.-based provider of semiconductor packaging and test services earned 70 cents a share on sales of $1.9 billion in the June quarter.
Investing.com -- Amkor Technology Inc (NASDAQ:AMKR) shares jumped 16.6% in after-hours trading Thursday following the announcement of a multi-year strategic partnership with NVIDIA Corporation (NASDAQ:NVDA) valued at $1.5 billion to develop advanced semiconductor packaging and test technologies for AI and accelerated computing platforms.