Taiwan Semiconductor Earnings beat, Revenue misses In Q4 By Investing.com

Taiwan Semiconductor reported on Thursday fourth quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.

Taiwan Semiconductor announced earnings per share of 0.97 on revenue of 12.68B. Analysts polled by Investing.com anticipated EPS of 0.937 on revenue of 12.85B.

Taiwan Semiconductor shares are up 9.35% from the beginning of the year and are trading at 119.23 , down-from-52-week-high.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 beat by Accenture on December 17, 2020, who reported EPS of 2.17 on revenue of 11.76B, compared to forecasts EPS of 2.05 on revenue of 11.28B.

Micron had beat expectations on January 7 with first quarter EPS of 0.78 on revenue of 5.77B, compared to forecast for EPS of 0.6842 on revenue of 5.66B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar