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Why Amkor Technology Stock Fell Today

TheMotleyFool

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Shares of Amkor Technology (NASDAQ: AMKR) were tumbling today after the company released its first-quarter 2021 results late yesterday. Despite an earnings beat in the quarter, some investors sold off their shares today.

The tech stock was down by 11.5% as of 3:23 p.m. EDT.

Amkor reported sales of $1.33 billion in the first quarter, an increase of 15% year over year, and net income of $120 million. The company's earnings per diluted share in the quarter was $0.49, ahead of analysts' consensus estimate of $0.46 per share.

Source Fool.com

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