Investing.com - AU Optronics reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
AU Optronics announced earnings per share of 0.4022 on revenue of 3.34B. Analysts polled by Investing.com anticipated EPS of 0.4614 on revenue of 3.23B.
AU Optronics shares are down 7.67% from the beginning of the year, still down 49.47% from its 52 week high of 15.00 set on April 29, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
AU Optronics follows other major Information Technology sector earnings this month
AU Optronics'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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