Taiwan Semiconductor Expects Q4 Revenue Of $18.8B-$19.6B Vs.$18.65B Est.; Gross Margin 51.5%-53.5%; Operating Margin 39.5%-41.5%
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor (TSM) has projected its Q4 2023 revenue to be between $18.8B and $19.6B, exceeding the estimated $18.65B. The company also expects a gross margin of 51.5%-53.5% and an operating margin of 39.5%-41.5%.
October 19, 2023 | 7:14 am
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POSITIVE IMPACT
TSM's projected Q4 2023 revenue surpasses estimates, which could positively impact the stock price in the short term.
TSM's projected revenue for Q4 2023 is higher than the estimated $18.65B, indicating strong financial performance. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100