Amkor Q1 Profit Increases - Quick Facts

(RTTNews) - Amkor Technology Inc. (AMKR) reported first-quarter net income to company of $28.78 million or $0.12 per share, compared to $20.63 million or $0.09 per share, prior year. Adjusted earnings per share was $0.12, for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.10 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $742.88 million from $696.04 million last year. Analysts expected revenue of $740.87 million for the quarter.

For the second quarter 2015: the company expects net sales of $725 million to $775 million, and net income per share of $0.05 to $0.15. Analysts expect the company to report second-quarter earnings per share of $0.18 on revenue of $815.28 million.

"We anticipate that second quarter 2015 revenues will be flat sequentially, primarily due to inventory adjustments and other issues at a major customer," said Steve Kelley, Amkor's CEO.