Investing.com - Taiwan Semiconductor reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Taiwan Semiconductor announced earnings per share of 1.4 on revenue of 17.57B. Analysts polled by Investing.com anticipated EPS of 1.27 on revenue of 16.76B.
Taiwan Semiconductor shares are down 15.63% from the beginning of the year and are trading at 101.50 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Taiwan Semiconductor follows other major Information Technology sector earnings this month
Taiwan Semiconductor's report follows an earnings beat by Accenture on Thursday, March 17, 2022, who reported EPS of 2.54 on revenue of 15.05B, compared to forecasts EPS of 2.37 on revenue of 14.65B.
Adobe had beat expectations on Tuesday, March 22, 2022 with first quarter EPS of 3.37 on revenue of 4.26B, compared to forecast for EPS of 3.34 on revenue of 4.24B.
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