Investing.com - ASE Industrial ADR reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ASE Industrial ADR announced earnings per share of 0.1988 on revenue of 4.91B. Analysts polled by Investing.com anticipated EPS of 0.1863 on revenue of 5.15B.
ASE Industrial ADR shares are down 20.23% from the beginning of the year, still down 35.24% from its 52 week high of 9.62 set on August 5, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
ASE Industrial ADR shares gained 3.05% in pre-market trade following the report.
ASE Industrial ADR follows other major Information Technology sector earnings this month
ASE Industrial ADR's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of 2.22 on revenue of 49.36B, compared to forecasts EPS of 2.19 on revenue of 49.01B.
Taiwan Semiconductor had beat expectations on April 14 with first quarter EPS of 1.35 on revenue of 16.94B, compared to forecast for EPS of 1.27 on revenue of 16.73B.
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