Market Overview

TSMC Posts Higher Q1 Profit

Share:
Related TSM
Investors Love The Stocks In This Emerging Market ETF
Investors Like This Conservative Emerging Market
Stocks Slip At Starting Bell; Database Leader Breaks Out At Open (Investor's Business Daily)

Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE: TSM) reported a 65 percent rise in its net profit for the first quarter.

TSMC's quarterly net profit surged to 78.99 billion New Taiwan dollars (US$2.53 billion), versus a year-ago profit of NT$47.87 billion. Analysts were expecting a profit of T$77.8 billion.

Its revenue jumped 50 percent to NT$222.03 billion.

Gross margin was 49.3 percent for the quarter, while operating margin was 39.0 percent.

TSMC shares gained 1.42 percent to close at $23.51 yesterday.

Posted-In: profitEarnings News

 

Related Articles (TSM)

View Comments and Join the Discussion!