NEW YORK (TheStreet) -- Amkor Technology (AMKR) stock is gaining Tuesday after the semiconductor equipment company posted better-than-expected quarterly earnings and on favorable second-quarter guidance.
By late afternoon, shares had added 9.6% to $7.75.
In its first quarter, the company earned 9 cents a share and revenue of $696.04 million. Analysts polled by Thomson Reuters anticipated net income of 3 cents a share and revenue of $678.13 million.
Management guided for second-quarter revenue between $735 million and $785 million, inline with $761.4 million consensus. Quarterly earnings of 8 cents to 18 cents a share is favorable to analysts' estimates of 12 cents a share.
TheStreet Ratings team rates AMKOR TECHNOLOGY INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate AMKOR TECHNOLOGY INC (AMKR) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins and generally higher debt management risk."
Highlights from the analysis by TheStreet Ratings Team goes as follows: