Investing.com - Taiwan Semiconductor reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Taiwan Semiconductor announced earnings per share of 1.55 on revenue of 18.16B. Analysts polled by Investing.com anticipated EPS of 1.43 on revenue of 17.66B.
Taiwan Semiconductor shares are down 32.43% from the beginning of the year and are trading at 81.29 , 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 Adobe on Thursday, June 16, 2022, who reported EPS of 3.35 on revenue of 4.39B, compared to forecasts EPS of 3.31 on revenue of 4.34B.
Accenture had missed expectations on Thursday, June 23, 2022 with third quarter EPS of 2.79 on revenue of 16.16B, compared to forecast for EPS of 2.86 on revenue of 16.04B.
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