Why Amkor Technology Stock Fell on Tuesday

Why Amkor Technology Stock Fell on Tuesday

Shares of semiconductor packaging and test services company Amkor Technology (NASDAQ: AMKR) fell as much as 11.6% on Tuesday following the company's second-quarter earnings release. The stock closed the trading day down about 8.5%.

For its second quarter, Amkor reported earnings per share of $0.48 on revenue of $989 million. Adjusted for the sale of its K1 factory in Korea during the quarter, Amkor's earnings per share was $0.14.

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Source: Fool.com