Amkor Shares Jump After Earnings, Outlook Top Street View

By Markets MarketWatch Pulse

Amkor Technology Inc. shares rallied in the extended session Monday after the chip packaging and testing service company's earnings and outlook topped Wall Street estimates. Amkor shares jumped 11% to $7.16 after hours. The company reported earnings of 2 cents a share on revenue of $917.3 million. Analysts surveyed by FactSet had forecast a loss of 8 cents a share on revenue of $876.2 million. Amkor forecast third-quarter earnings of 12 cents to 28 cents a share on revenue of $1.01 billion to $1.09 billion. Analysts had estimated earnings of 9 cents a share on revenue of $943 million.

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