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Last $4.25 USD
Change Today -0.01 / -0.23%
Volume 2.5M
AMKR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

amkor technology inc (AMKR) Key Developments

Amkor Technology, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter, Second Half and Full Year of 2015

Amkor Technology, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of USD 736.722 million compared to USD 767.459 million a year ago. Operating income was USD 38.643 million compared to USD 60.961 million a year ago. Income before taxes and equity in earnings of unconsolidated affiliate was USD 7.266 million compared to USD 42.881 million a year ago. Net income was USD 10.201 million compared to USD 50.406 million a year ago. Net income attributable to the company was USD 9.578 million compared to USD 49.521 million a year ago. Basic and diluted income per share attributable to the company was USD 0.04 compared to USD 0.21 a year ago. For the six months, the company reported net sales of USD 1,479.597 million compared to USD 1,463.503 million a year ago. Operating income was USD 92.622 million compared to USD 106.312 million a year ago. Income before taxes and equity in earnings of unconsolidated affiliate was USD 36.724 million compared to USD 63.232 million a year ago. Net income was USD 39.898 million compared to USD 71.589 million a year ago. Net income attributable to the company was USD 38.359 million compared to USD 70.154 million a year ago. Diluted income per share attributable to the company was USD 0.16 compared to USD 0.30 a year ago. Net cash provided by operating activities was USD 228.281 million compared to USD 235.253 million a year ago. Payments for property, plant and equipment was USD 194.360 million compared to USD 230.392 million a year ago. At the end of June 30, 2015 the company had total debt of USD 1.5 billion. For the third quarter 2015, the company expected net sales of USD 700 million to USD 750 million, down 5% to up 2% from the prior quarter, Gross margin is expected to be in the range of 13% to 16% and net loss is expected to be in the range of USD 7 million to net income of USD 14 million, or USD 0.03 to USD 0.06 per share. For the second half of the year, the company expects operating expenses to remain below USD 80 million per quarter. For the full year, the company expected 2015 capital expenditures to around USD 550 million, including around USD 150 million of spending for new K5 facility. For the full year, the company expects operating expenses to be down 5%. The company expects the effective tax rate to be around 30% for the full year. The increase in effective tax rate is driven by minimum taxes in certain jurisdictions.

Amkor Technology, Inc. to Report Q2, 2015 Results on Jul 27, 2015

Amkor Technology, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 27, 2015

Amkor Technology, Inc., Q2 2015 Earnings Call, Jul 27, 2015

Amkor Technology, Inc., Q2 2015 Earnings Call, Jul 27, 2015

Amkor Technology Announces Expansion of China Operations

Amkor Technology, Inc. announced plans to expand its assembly and test factory located in China’s Shanghai Waigaoqiao Free Trade Zone. With this project, Amkor expects to increase its manufacturing facilities in China by 45% to nearly 60,000 square meters of clean room space. Amkor plans to invest around $60 million for construction of the new facilities, which is scheduled to be completed by the summer of 2016.

Amkor Technology Seeks Acquisitions

Greg Johnson, Senior Director-Finance and IR of Amkor Technology, Inc. (NasdaqGS:AMKR) said, "We will make select acquisitions and investments when the opportunity presents itself."

 

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Industry Analysis

AMKR

Industry Average

Valuation AMKR Industry Range
Price/Earnings 10.3x
Price/Sales 0.3x
Price/Book 0.9x
Price/Cash Flow 10.3x
TEV/Sales NM Not Meaningful
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