Market Overview

TSMC Q3 Profit Surges 5.2%

Related TSM
Bank Of America Suggests Contrarian Asia Plays
Worst Performing Industries For September 10, 2015
Why Samsung's Earnings Guidance Is Good News For Apple, Bad News For Qualcomm (Seeking Alpha)

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

TSMC's quarterly net profit surged 5.2% to $51.95 billion New Taiwan dollars ($1.77 billion), versus a year-ago profit of NT$49.38 billion. However, analysts were expecting profit of NT$51.71 billion.

Its revenue gained 15% to NT$162.58 billion from NT$141.38 billion. TSMC's gross margin came in at 48.5% in the quarter.

TSMC's shares closed at $18.28 yesterday.

Posted-In: profitEarnings News


Related Articles (TSM)

View Comments and Join the Discussion!

Get Benzinga's Newsletters