Investing.com - Holtek reported on Tuesday third quarter earnings that matched analysts' forecasts and revenue that was inline with expectations.
Holtek announced earnings per share of 1.57 on revenue of 1.67B. Analysts polled by Investing.com anticipated EPS of 1.57 on revenue of 1.67B.
Holtek shares are down 9% from the beginning of the year, still down 44.11% from its 52 week high of 126.50 set on March 23. They are outperforming the Nasdaq which is down 26.21% from the start of the year.
Holtek follows other major Information Technology sector earnings this month
Holtek's report follows an earnings beat by Hon Hai Precision on August 9, who reported EPS of 2.4 on revenue of 1,509.81B, compared to forecasts EPS of 2.2 on revenue of 1,434.79B.
QCI had missed expectations on August 12 with second quarter EPS of 1.03 on revenue of 270.47B, compared to forecast for EPS of 1.07 on revenue of 270.46B.
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