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Taiwan Semiconductor Beats Q3 Earnings Target, Guides Higher

October 15, 2021
Source: newsotime.com newsotime.com
News Snapshot:
Taiwan Semiconductor Manufacturing ( [TSM](//research.investors.com/quote.aspx?symbol=TSM) ), the world’s largest chip foundry, on Thursday beat expectations for third-quarter earnings. It also guided higher for the current period. TSM stock rose on the news. X Taiwan Semi earned $1.08 per U.S. share in the September quarter, up 17% from the year-earlier period. Analysts expected earnings of $1.04 a share, according to FactSet. The company’s sales increased 23% to $14.88 billion. For the fourth quarter, Taiwan Semi forecast revenue of $15.4 billion to $15.7 billion. The midpoint of $15.55 billion topped Wall Street’s estimate of $15.43 billion, according to FactSet. Its sales in...
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