Categories Earnings, Technology

Taiwan Semiconductor Manufacturing Co. (NYSE: TSM): Q4 2019 Earnings Snapshot

– Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) reported earnings of NT$4.47 per share, or US$0.73 per ADR, for the fourth quarter of 2019, vs. US$0.71 per ADR expected.

– Net income increased 16% year-over-year to NT$116.04 billion from NT$100 billion last year

– Net sales advanced 10% to NT$317.24 billion, or US$10.39 billion, from NT$289.77 billion a year earlier, vs. US$10.46 billion expected

— Fourth-quarter gross margin came in at 50.2%, and operating margin at 39.2%; Net profit margin was 36.6%

– Expects revenues to be between US$10.2 billion and US$10.3 billion in the first quarter of 2020

– Sees first-quarter gross profit margin in the range of 48.5% to 50.5% and expects operating profit margin between 37.5% and 39.5%

– For fiscal 2020, TSMC expects capital budget between US$15 billion and US$16 billion

We’re on Apple News! Follow us to receive the latest stock market, earnings and financial news at your fingertips

Most Popular

Lyft (LYFT) expects average ride volumes to improve through Q1 2021

Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of

With new strategy in place, Target looks poised to tap growing online demand

Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered

Infographic: Dollar Tree’s (DLTR) performance in Q4

Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top