Why Taiwan Semiconductor Manufacturing Company Shares Are Moving
Portfolio Pulse from Henry Khederian
Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) are trading higher following strong Q4 financial results from Lam Research. Lam Research reported adjusted earnings of $5.98 per share, surpassing the analyst consensus estimate of $5.07. The company also reported quarterly sales of $3.21 billion, exceeding the analyst consensus estimate of $3.13 billion. Following the earnings print, LRCX received a number of analyst rating updates.
July 27, 2023 | 3:19 pm
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Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) are trading higher following strong Q4 financial results from Lam Research.
The strong Q4 financial results from Lam Research, a company in the same sector, have positively impacted the shares of Taiwan Semiconductor Mfg. Co. Ltd. This is because the strong performance of one company in a sector often leads to a positive sentiment for other companies in the same sector.
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