TSMC Projects On-Quarter Rise in Fourth-Quarter Revenue -- Earnings Review

Taiwan Semiconductor Manufacturing Co. reported third-quarter results on Thursday. Here's what you need to know.

NET PROFIT: TSMC's net profit dropped 25% from a year earlier to 211.0 billion New Taiwan dollars in the three months ended Sept. 30. That exceeded the estimate of NT$189.70 billion in a poll of analysts by S&P Global Market Intelligence. REVENUE: Third-quarter revenue decreased 11% from a year earlier to NT$546.73 billion, though it climbed 14% from the previous quarter.--GUIDANCE: TSMC projects that revenue will increase to US$18.8 billion and US$19.6 billion in the fourth quarter, compared with US$17.28 billion in the previous quarter.

--MARGIN: Operating profit margin came in at 41.7% in the third quarter, down 8.9 percentage points from a year earlier and 0.3 percentage point lower than in the prior quarter. The company forecasts that operating profit margin will fall further to between 39.5% and 41.5% in the current quarter. --CAPEX: The chip maker spent US$7.10 billion in capital expenditure in the third quarter, down from US$8.17 billion in the second quarter and US$9.94 billion in the first

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TSMC Q3 profit falls 24.9%, beats market expectationsTSMC Q3 profit falls 24.9%, beats market expectations
Source: Investingcom - 🏆 450. / 53 Read more »

Bank of America is set to report third-quarter earnings — here's what the Street expectsBank of America was supposed to be one of the big beneficiaries of higher interest rates. Instead, the stock has been the worst performer among peers this year.
Source: NBCLA - 🏆 319. / 59 Read more »