Investing.com - Chunghwa Telecom reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Chunghwa Telecom announced earnings per share of 1.25 on revenue of 52.44B. Analysts polled by Investing.com anticipated EPS of 0.4192 on revenue of 1.75B.
Chunghwa Telecom shares are up 35.37% from the beginning of the year, still down 12.16% from its 52 week high of 45.87 set on February 23. They are outperforming the EUR/USD which is down 0% from the start of the year.
Chunghwa Telecom follows other major Communication Services sector earnings this month
Chunghwa Telecom's report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of 1.21 on revenue of 69.69B, compared to forecasts EPS of 1.28 on revenue of 70.04B.
Meta Platforms had missed expectations on Wednesday with second quarter EPS of 2.46 on revenue of 28.82B, compared to forecast for EPS of 2.56 on revenue of 28.94B.
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