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Amkor (AMKR) Stock Soars in After-Hours Trading on Q2 Results, Guidance

NEW YORK (TheStreet) -- Shares of Amkor Technology (AMKR) are spiking 12.56% to $7.26 in after-hours trading on Monday after the company reported better-than-expected results for the 2016 second quarter.

After today's closing bell, the Tempe, AZ-based semiconductor packaging and test services provider posted earnings of 2 cents per diluted share, while analysts were projecting a loss of 8 cents per share.

Revenue for the quarter was $917 million, above analysts' expectations of $876.3 million.

"Strong Android smartphone demand and a quicker recovery at...


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