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$0.9 on revenue of NT$12.14B. Analysts polled by Investing.com anticipated EPS of NT$0.82 on revenue of NT$11.57B.
Taiwan Semiconductor shares are up 52.5% from the beginning of the year, still down 2.90% from its 52 week high of NT$91.25 set on October 12. They are outperforming the EUR/USD which is down 0% from the start of the year.
Taiwan Semiconductor follows other major Technology sector earnings this month
Taiwan Semiconductor's report follows an earnings missed by Accenture on September 24, who reported EPS of NT$1.7 on revenue of NT$10.84B, compared to forecasts EPS of NT$1.73 on revenue of NT$10.93B.
Infosys ADR had beat expectations on Wednesday with second quarter EPS of NT$0.15 on revenue of NT$3.31B, compared to forecast for EPS of NT$0.14 on revenue of NT$3.26B.
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