Investing.com - Chunghwa Telecom reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Chunghwa Telecom announced earnings per share of 1.11 on revenue of 59.89B. Analysts polled by Investing.com anticipated EPS of 0.3915 on revenue of 2.16B.
Chunghwa Telecom shares are up 0.14% from the beginning of the year, still down 3.01% from its 52 week high of 43.58 set on January 21. They are broadly in line with 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 beat by Verizon on Tuesday, who reported EPS of 1.31 on revenue of 34.1B, compared to forecasts EPS of 1.29 on revenue of 33.93B.
Netflix had beat expectations on January 20 with fourth quarter EPS of 1.33 on revenue of 7.71B, compared to forecast for EPS of 0.8328 on revenue of 7.71B.
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