Taiwan Semiconductor shares are trading lower after the company reported a year-over-year decrease in Q2 revenue results, issued Q3 revenue guidance below estimates, lowered its 2023 revenue forecast and announced Arizona N4 production will be delayed until 2025.
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor (TSM) reported worse-than-expected Q2 earnings results, leading to a drop in its share price.
July 20, 2023 | 8:17 am
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TSM's Q2 earnings results were below expectations, causing a decrease in its stock price.
Earnings reports are a significant factor in a company's stock price. TSM's worse-than-expected Q2 earnings results have led to a decrease in its stock price as it indicates potential financial instability or underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100