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Taiwan Semiconductor Stock (TSM): Why The Price Went Up Today

January 14, 2022
Source: pulse2.com pulse2.com
News Snapshot:
The stock price of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) increased by over 5% during intraday trading today. Investors responded positively to the company’s fourth-quarter results. The company announced consolidated revenue of NT$438.19 billion, net income of NT$166.23 billion, and diluted earnings per share of NT$6.41 (US$1.15 per ADR unit) for the fourth quarter ended December 31, 2021. The year-over-year fourth-quarter revenue increased 21.2% while net income and diluted EPS both increased 16.4%. Compared to the third quarter of 2021, the fourth quarter results represented a 5.7% increase in revenue and a 6.4% increase in net income. All figures...
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