Categories Earnings, Technology

Taiwan Semiconductor Manufacturing (NYSE: TSM): Q3 2019 Earnings Snapshot

– Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) reported third-quarter 2019 earnings of NT$3.90 per share (US$0.62 per ADR, vs. US$0.60 per ADR expected).

– Net income was NT$101.07 billion, up 13.5% from last year

– Revenues grew 10.7% annually to US$9.40 billion, vs. US$9.18 billion expected

– TSMC expects fourth-quarter revenues to be between US$10.2 billion and US$10.3 billion

– Fourth-quarter gross profit margin is expected to be between 48% and 50%

– TSMC stock gained about 2% early Thursday, following the announcement

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