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Market-Moving News for July 28th

Benzinga Newsdesk

AMKR: -9% | Amkor Technology shares are trading lower after the company reported Q2 financial results and issued Q3 sales guidance below estimates. PMN: 32% | ProMIS Neurosciences shares are trading higher after the

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    Amkor Technology, Inc. (AMKR) Is a Trending Stock: Facts to Know Before Betting on It

    Amkor Technology (AMKR), a chip packaging and test services provider, has gained 14.4% over the past month, outperforming the S&P 500. The company shows strong earnings growth with expected EPS of $0.79 for the current quarter (+54.9% YoY) and $2.6 for the fiscal year (+73.3% YoY). Revenue is projected to grow 14% and 11.8% for the current and next fiscal years respectively. The company has consistently beaten consensus estimates over the trailing four quarters. However, with a Zacks Rank #3 (Hold) rating and a B valuation grade, the stock is expected to perform in line with the broader market in the near term.

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