Market Overview

TSMC Q3 Net Profit Surges 62%

Related TSM
Earnings Scheduled For October 13, 2016
Watch These 5 Huge Put Purchases In Wednesday Trade

Taiwan Semiconductor Manufacturing Co (NYSE: TSM) reported a 62% rise in its third-quarter net profit.

TSMC's quarterly net profit surged to 49.30 billion New Taiwan dollars (US$1.69 billion), from NT$30.40 billion, in the year-ago period. However, analysts were expecting a net profit of NT$46.02 billion

Its consolidated revenue climbed 33% to NT$141.38 billion from NT$106.48 billion.

TSMC shares closed at $15.15 yesterday.

Posted-In: profitEarnings News


Related Articles (TSM)

View Comments and Join the Discussion!