Investing.com - ASE Industrial ADR reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ASE Industrial ADR announced earnings per share of 0.1646 on revenue of 5.33B. Analysts polled by Investing.com anticipated EPS of 0.1205 on revenue of 4.9B.
ASE Industrial ADR shares are up 2% from the beginning of the year, still down 9.16% from its 52 week high of 7.75 set on January 19. They are broadly in line with the STOXX 600 which is up 2.09% from the start of the year.
ASE Industrial ADR follows other major Capital Goods sector earnings this month
ASE Industrial ADR's report follows an earnings beat by ASML ADR on January 20, who reported EPS of 3.91 on revenue of 5.15B, compared to forecasts EPS of 2.97 on revenue of 4.49B.
Honeywell had beat expectations on January 29 with fourth quarter EPS of 2.07 on revenue of 8.9B, compared to forecast for EPS of 2 on revenue of 8.4B.
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