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 NT$0.78 on revenue of NT$10.38B. Analysts polled by Investing.com anticipated EPS of NT$0.71 on revenue of NT$10.34B.
Taiwan Semiconductor shares are up 13.7% from the beginning of the year , still down 1.59% from its 52 week high of NT$67.13 set on July 15. They are outperforming the EUR/USD which is down 0% from the start of the year.
Taiwan Semiconductor shares gained 0.82% in pre-market trade following the report.
Taiwan Semiconductor follows other major Technology sector earnings this month
Taiwan Semiconductor's report follows an earnings beat by Accenture on June 25, who reported EPS of NT$1.9 on revenue of NT$10.99B, compared to forecasts EPS of NT$1.86 on revenue of NT$10.72B.
Micron had beat expectations on June 29 with third quarter EPS of NT$0.82 on revenue of NT$5.44B, compared to forecast for EPS of NT$0.75 on revenue of NT$5.27B.
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