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 0.75 on revenue of 10.32B. Analysts polled by Investing.com anticipated EPS of 0.69 on revenue of 10.17B. That with comparison to EPS of 0.38 on revenue of 7.09B in the same period a year before.Taiwan Semiconductor had reported EPS of 0.75 on revenue of 10.6B in the previous quarter.Analysts are expecting EPS of 0.62 and revenue of 9.81B in the upcoming quarter.
Taiwan Semiconductor shares are down 7.64% from the beginning of the year and are trading at 53.66 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Taiwan Semiconductor follows other major Technology sector earnings this month
Taiwan Semiconductor's report follows an earnings beat by Accenture on Thursday, March 19, 2020, who reported EPS of 1.91 on revenue of 11.14B, compared to forecasts EPS of 1.72 on revenue of 11.09B.
Micron had beat expectations on Wednesday, March 25, 2020 with second quarter EPS of 0.45 on revenue of 4.8B, compared to forecast for EPS of 0.37 on revenue of 4.69B.
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