Investing.com - Alchip Tech reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Alchip Tech announced earnings per share of 5.76 on revenue of 2.97B. Analysts polled by Investing.com anticipated EPS of 6.15 on revenue of 2.97B.
Alchip Tech shares are down 9% from the beginning of the year and are trading at 925.00 , down-from-52-week-high.They are outperforming the Taiwan Weighted which is down 19.46% from the start of the year.
Alchip Tech follows other major Information Technology sector earnings this month
Alchip Tech's report follows an earnings beat by Hon Hai Precision on Tuesday, August 9, 2022, 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 Wednesday with second quarter EPS of 1.02 on revenue of 270.5B, compared to forecast for EPS of 1.07 on revenue of 268.46B.
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