Investing.com - Line ADR reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Line ADR announced earnings per share of -0.47 on revenue of 556.11M. Analysts polled by Investing.com anticipated EPS of -0.1 on revenue of 573.83M.
Line ADR shares are up 8.86% from the beginning of the year and are trading at 53.35 , is-new-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Line ADR shares gained 0.83% in intra-day trade following the report.
Line ADR follows other major Technology sector earnings this month
Line ADR's report follows an earnings beat by Microsoft on Wednesday, July 22, 2020, who reported EPS of 1.46 on revenue of 38.03B, compared to forecasts EPS of 1.34 on revenue of 36.54B.
Taiwan Semiconductor had beat expectations on Wednesday, July 15, 2020 with second quarter EPS of 0.79 on revenue of 10.55B, compared to forecast for EPS of 0.72 on revenue of 10.38B.
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