Amkor Technology, Inc. (AMKR) Stock: Why The Price Jumped Up Today

By Amit Chowdhry ● Feb 15, 2022
  • The stock price of Amkor Technology (NASDAQ: AMKR) increased by over 9% during intraday trading today. This is why it happened.

The stock price of Amkor Technology (NASDAQ: AMKR) increased by over 9% during intraday trading today. Investors are responding positively to the company’s fourth quarter results.

Amkor reported a Q4 EPS of $0.88, compared to $0.52 reported last year. And the revenue for the quarter was $1.72 billion, compared to $1.37 billion reported last year.

KEY QUOTE:

“Amkor delivered outstanding financial results in 2021. With continued momentum in the fourth quarter, we achieved record annual revenue of $6.14 billion, growing nearly 22% or $1.1 billion year-over-year. Strong execution, high factory utilization, and disciplined spending drove record EPS of $2.62. Our differentiated technology portfolio and deep customer and supplier relationships place us in a very strong market position, and we expect 2022 to be another year of growth.”

— Giel Rutten, Amkor’s president and chief executive officer

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.