UPDATE: TSMC Q4 Net Profit Rises 32%
Taiwan Semiconductor Manufacturing Co (NYSE: TSM) reported a 32% rise in its fourth-quarter net profit.
TSMC's quarterly net profit climbed to $41.57 billion New Taiwan dollars ($1.43 billion), versus NT$31.58 billion, in the year-ago period. However, analysts were expecting a net profit of NT$42.80 billion.
Its consolidated revenue surged 25% to NT$131.31 billion from NT$104.71 billion.
TSMC shares fell 0.01% to $17.80 in after-hours trading.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.