Investing.com – Taiwan Semiconductor announced first quarter that beat analysts’ expectations on Thursday and revenue that topped forecasts.
The company reported earnings per share of 0.75 on revenue of 10.32B. Analysts polled by Investing.com anticipated EPS of 0.69 on revenue of 10.17B. That was in comparison to EPS of 0.38 on revenue of 7.09B in the same quarter a year earlier. Taiwan Semiconductor had reported EPS of 0.75 on revenue of 10.6B in the previous quarter.
Analysts are forecasting EPS of 0.62 and revenue of 9.81B in the upcoming quarter.
Taiwan Semiconductor share’s are down 7.64% from the beginning of the year , still down 11.51% from its 52 week high of 60.64 set on January 14.
Taiwan Semiconductor follows other major Technology sector earnings this month
On March 19, Accenture announced second quarter EPS of 1.91 on revenue of 11.14B, compared with a forecasts for EPS of 1.72 on revenue of 11.09B.
Micron earnings beat analysts’ expectations on March 25, with second quarter EPS of 0.45 on revenue of 4.8B. Investing.com analysts anticipated EPS of 0.37 on revenue of 4.69B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.