Taiwan Semiconductor Q2 EPADS $1.14 Beats $1.08 Estimate, Sales $15.68B Beat $15.49B Estimate
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor (NYSE:TSM) reported Q2 earnings of $1.14 per share, beating the analyst consensus estimate of $1.08 by 5.56%. However, this is a 26.45% decrease from the same period last year. The company also reported quarterly sales of $15.68 billion, beating the estimate of $15.49 billion by 1.23%, but this is a 13.66% decrease from the same period last year.
July 20, 2023 | 6:14 am
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NEUTRAL IMPACT
Taiwan Semiconductor's Q2 earnings and sales beat estimates but are down YoY. This mixed result could lead to uncertain short-term price movements.
While Taiwan Semiconductor beat analyst estimates for Q2 earnings and sales, the YoY decrease in both metrics could cause investor concern and lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100