Soitec Earnings, Revenue beat In Q3

  • Investing.com
Soitec Earnings, Revenue beat In Q3

Investing.com - Soitec reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Soitec announced earnings per share of €2.03 on revenue of €373.1M. Analysts polled by Investing.com anticipated EPS of €0.89 on revenue of €230.50M.

Soitec shares are up 48% from the beginning of the year and are trading at €236.20 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 16.02% from the start of the year.

Soitec shares gained 1.55% in intra-day trade the report.

Soitec follows other major Information Technology sector earnings this month

Soitec's report follows an earnings beat by X Fab Silicon on Monday, November 22, 2021, who reported EPS of €0.17 on revenue of €169.1M, compared to forecasts EPS of €0.1 on revenue of €167M.

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