Taiwan Semiconductor Q3 EPADR $1.29 Beats $1.17 Estimate, Sales $17.28B Beat $17.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor (NYSE:TSM) reported Q3 earnings of $1.29 per share, beating the analyst consensus estimate of $1.17 by 10.26%. However, this is a 27.93% decrease from the same period last year. The company also reported quarterly sales of $17.28 billion, beating the estimate of $17.07 billion by 1.23%, but marking a 14.58% decrease from last year.
October 19, 2023 | 7:06 am
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Taiwan Semiconductor's Q3 earnings and sales beat estimates but are down from last year.
While Taiwan Semiconductor beat estimates for Q3 earnings and sales, the figures are down from the same period last year. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100