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 EPS of 0.56 on revenue of 1.73B.
Taiwan Asia Semiconductor 's are down 16% and is trading at 38.75 , still down 51.80% from its 52 week high of 80.40 set on Wednesday, December 29, 2021.
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, 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, for EPS of 1.07 on revenue of 268.46B.
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