TSMC Reported Earlier, June Revenue Fell 11% MoM; January-June Revenue Fell 3.5% YoY To NT$989.47B
Portfolio Pulse from Charles Gross
Taiwan Semiconductor Manufacturing Company (TSMC) reported that its revenue for June fell by 11% month-on-month. Additionally, its revenue for the period from January to June fell by 3.5% year-on-year to NT$989.47 billion.
July 10, 2023 | 8:37 am
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TSMC's reported decrease in revenue for both June and the first half of the year could negatively impact its stock price in the short term.
Revenue is a key indicator of a company's financial health. A decrease in revenue, especially a significant one like 11% MoM and 3.5% YoY, can be a red flag for investors, potentially leading to a decrease in the company's stock price.
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