Investing.com - Holtek reported on Tuesday third quarter earnings that matched analysts' forecasts and revenue that was inline with expectations.
Holtek announced earnings per share of 1.57 on revenue of 1.67B. Analysts polled by Investing.com anticipated EPS of 1.57 on revenue of 1.67B.
Holtek shares are down 37% from the beginning of the year and are trading at 70.70 , down-from-52-week-high.They are under-performing the Taiwan Weighted which is down 20.64% from the start of the year.
Holtek follows other major Information Technology sector earnings this month
Holtek's report follows an earnings beat by Hon Hai Precision on Tuesday, August 9, 2022, who reported EPS of 2.4 on revenue of 1,509.81B, compared to forecasts EPS of 2.2 on revenue of 1,434.79B.
QCI had missed expectations on Friday, August 12, 2022 with second quarter EPS of 1.03 on revenue of 270.47B, compared to forecast for EPS of 1.07 on revenue of 270.46B.
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