Investing.com - Taiwan Asia Semiconductor reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Taiwan Asia Semiconductor announced earnings per share of 0.32 on revenue of 1.33B. Analysts polled by Investing.com anticipated EPS of 0.56 on revenue of 1.73B.
Taiwan Asia Semiconductor shares are down 16% from the beginning of the year and are trading at 38.75 , down-from-52-week-high.They are under-performing the S&P CLX IPSA which is up 25.77% from the start of the year.
Taiwan Asia Semiconductor follows other major Information Technology sector earnings this month
Taiwan Asia Semiconductor'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 Wednesday with second quarter EPS of 1.02 on revenue of 270.5B, compared to forecast for EPS of 1.07 on revenue of 268.46B.
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