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 0.5024 on revenue of 6.22B. Analysts polled by Investing.com anticipated EPS of 0.2341 on revenue of 6B.
ASE Industrial ADR shares are up 22% from the beginning of the year, still down 22.25% from its 52 week high of 9.62 set on August 5, 2021. They are outperforming the STOXX 600 which is down 3.14% from the start of the year.
ASE Industrial ADR follows other major Information Technology sector earnings this month
ASE Industrial ADR's report follows an earnings beat by Apple on January 27, who reported EPS of 2.1 on revenue of 123.95B, compared to forecasts EPS of 1.9 on revenue of 119B.
Microsoft had beat expectations on January 25 with second quarter EPS of 2.48 on revenue of 51.73B, compared to forecast for EPS of 2.32 on revenue of 50.74B.
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