Investing.com - AU Optronics reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
AU Optronics announced earnings per share of 0.54 on revenue of 81.53B. Analysts polled by Investing.com anticipated EPS of 0.2282 on revenue of 2.96B.
AU Optronics shares are down 26.67% from the beginning of the year and are trading at 6.020 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
AU Optronics shares lost 2.51% in intra-day trade the report.
AU Optronics follows other major Information Technology sector earnings this month
AU Optronics's report follows an earnings beat by Taiwan Semiconductor on April 14, who reported EPS of 1.35 on revenue of 16.94B, compared to forecasts EPS of 1.27 on revenue of 16.73B.
ASML ADR had missed expectations on April 20 with first quarter EPS of 1.88 on revenue of 3.84B, compared to forecast for EPS of 1.94 on revenue of 3.86B.
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