Why Amkor Technology Stock Dipped by 3% on Tuesday

Amkor Technology (NASDAQ: AMKR) notched a double beat on the consensus analyst estimates for its third quarter, but investors traded out of the stock anyway. They likely weren't happy with the company's guidance, or the resignation of its long-serving leader. Amkor's share price fell by 3% that trading session, while the S&P 500 (SNPINDEX: ^GSPC) was in the black with a 0.2% gain.Amkor booked net sales of almost $1.99 billion for the quarter, which was 7% higher year over year and notched a new all-time record for the company. Net income under generally accepted accounting principles (GAAP) also headed north, rising to $127 million ($0.51 per share) from the third quarter 2024's $123 million profit. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool