Taiwan Semiconductor Earnings, Revenue Beat in Q2

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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’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.

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