04:46 PM EDT, 04/29/2024 (MT Newswires) -- Amkor Technology ( AMKR ) reported Q1 earnings late Monday of $0.24 per diluted share, up from $0.18 a year earlier.

Analysts surveyed by Capital IQ expected $0.11.

Net sales in the quarter ended March 31 fell to $1.37 billion from $1.47 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.38 billion.

The company expects Q2 EPS of $0.14 to $0.30 on net sales of $1.4 billion to $1.5 billion. Analysts surveyed by Capital IQ expect EPS of $0.15 on revenue of $1.39 billion.

Shares of the company jumped 6.5% in recent after-hours trading.

Price: 33.52, Change: +2.05, Percent Change: +6.51