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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


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