Taiwan Semiconductor Manufacturing Co Clocked a 34.8% Topline Growth in October MoM to NT$243.23B
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor Manufacturing Co (TSMC) reported a 34.8% month-on-month increase in its consolidated revenue for October 2023, reaching NT$243.20 billion. This represents a 15.7% increase from October 2022. However, the revenue for January through October 2023 totaled NT$1,779.41 billion, a decrease of 3.7% compared to the same period in 2022.
November 10, 2023 | 9:26 am
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NEUTRAL IMPACT
TSMC's strong October revenue growth could boost investor confidence, but the year-to-date decrease might raise concerns.
The significant month-on-month and year-on-year increase in TSMC's October revenue indicates strong performance, which could positively impact the company's stock. However, the decrease in revenue for the year-to-date compared to the same period in 2022 might raise concerns among investors about the company's overall performance this year, potentially offsetting the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100