Amkor Technology posts 4Q profit

TEMPE, Ariz. (AP) _ Amkor Technology Inc. (AMKR) on Monday reported fourth-quarter net income of $100.3 million, after reporting a loss in the same period a year earlier.

The Tempe, Arizona-based company said it had net income of 42 cents per share.

The chip packaging and test services provider posted revenue of $1.02 billion in the period.

For the year, the company reported profit of $164.2 million, or 69 cents per share. Revenue was reported as $3.89 billion.

For the current quarter ending in April, Amkor Technology said it expects revenue in the range of $860 million to $940 million.

Amkor Technology shares have decreased 1 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.44, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMKR at https://www.zacks.com/ap/AMKR

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