Investing.com - Chunghwa Telecom reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Chunghwa Telecom announced earnings per share of 0.4117 on revenue of 1.78B. Analysts polled by Investing.com anticipated EPS of 0.3395 on revenue of 1.8B.
Chunghwa Telecom shares are up 7.9% from the beginning of the year, still down 0.31% from its 52 week high of 41.80 set on June 10. They are outperforming the EUR/USD which is down 0% from the start of the year.
Chunghwa Telecom follows other major Services sector earnings this month
Chunghwa Telecom's report follows an earnings beat by Shopify Inc on Wednesday, who reported EPS of 2.24 on revenue of 1.12B, compared to forecasts EPS of 0.9711 on revenue of 1.05B.
T-Mobile US had beat expectations on Thursday with second quarter EPS of 0.78 on revenue of 19.95B, compared to forecast for EPS of 0.5091 on revenue of 19.36B.
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