Categories AlphaGraphs, Earnings, Technology
Taiwan Semiconductor Manufacturing Company (TSM) Q4 Earnings: Key numbers and outlook
Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) reported fourth-quarter 2020 earnings results on Thursday. Revenues came in at $12.68 billion, an increase of 14% compared to last year.
The net income rose to $5 billion, while earnings per ADS increased to $0.97. The net income and earnings per ADS both grew by 23%.
Based on the company’s current outlook, first-quarter revenue is expected to be between $12.7 billion and $13.0 billion. The management is expecting the 2021 capital budget to be between $25 billion and $28 billion.
“Our fourth quarter business was supported by strong demand for our industry-leading 5-nanometer technology, driven by 5G smartphone launches and HPC-related applications,” said Wendell Huang, the chief financial officer of TSMC.
Taiwan Semiconductor’s stock closed at $119.56 on Wednesday evening, showing a decline of 2.8%.
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was