Investing.com - Airtac reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Airtac announced earnings per share of 8.01 on revenue of 7.22B. Analysts polled by Investing.com anticipated EPS of 8.15 on revenue of 7.23B.
Airtac shares are up 101.67% from the beginning of the year, still down 23.70% from its 52 week high of 1,080.00 set on June 28. They are outperforming the S&P/TSX which is down 8.92% from the start of the year.
Airtac follows other major Industrials sector earnings this month
Airtac's report follows an earnings beat by EMC Taiwan on Wednesday, who reported EPS of 19.09 on revenue of 175.0B, compared to forecasts EPS of 18.45 on revenue of 174.26B.
YMTC had beat expectations on August 11 with second quarter EPS of 15.9 on revenue of 109.45B, compared to forecast for EPS of 15.62 on revenue of 106.08B.
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