Investing.com - Taiwan Semiconductor reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Taiwan Semiconductor announced earnings per share of NT$1.79 on revenue of NT$20.23. Analysts polled by Investing.com anticipated EPS of NT$1.66 on revenue of NT$19.65B.
Taiwan Semiconductor shares are down 46.71% from the beginning of the year and are trading at NT$64.11 , down-from-52-week-high.
Taiwan Semiconductor follows other major Information Technology sector earnings this month
Taiwan Semiconductor's report follows an earnings beat by Accenture on Thursday, September 22, 2022, who reported EPS of NT$2.6 on revenue of NT$15.42B, compared to forecasts EPS of NT$2.57 on revenue of NT$15.39B.
Adobe had beat expectations on Thursday, September 15, 2022 with third quarter EPS of NT$3.4 on revenue of NT$4.43B, compared to forecast for EPS of NT$3.35 on revenue of NT$4.44B.
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