UPDATE: TSMC Q2 Net Profit Up 16%
Taiwan Semiconductor Manufacturing Co (NYSE: TSM) reported a 16% rise in its second-quarter net profit.
TSMC's quarterly net profit surged to 41.81 billion New Taiwan dollar (US$1.39 billion), versus NT$35.95 billion, in the year-ago period. However, analysts were expecting a net profit of NT$41.60 billion.
Its consolidated revenue climbed 16% to NT$128.06 billion from NT$110.51 billion.
TSMC's gross margin came in at 48.6% in the quarter.
TSMC shares closed at $13.14 yesterday.
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