Amkor Technology: Q3 Earnings Snapshot

TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Amkor Technology Inc. (AMKR) on Monday reported third-quarter net income of $190.6 million.

The Tempe, Arizona-based company said it had profit of 76 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

The chip packaging and test services provider posted revenue of $1.99 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $2.02 billion.

For the current quarter ending in December, Amkor Technology said it expects revenue in the range of $1.9 billion to $2 billion.

Amkor Technology shares have declined almost 6% since the beginning of the year. In the final minutes of trading on Monday, shares hit $37.21, a rise of 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMKR at https://www.zacks.com/ap/AMKR