Taiwan Semiconductor Q4 EPADR $1.44 Beats $1.37 Estimate, Sales $19.62B Beat $19.45B Estimate
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor (NYSE:TSM) exceeded analyst expectations for Q4 with an EPS of $1.44, surpassing the estimate of $1.37, and reported sales of $19.62B, beating the $19.45B estimate. However, these figures represent a decrease from the previous year, with earnings down 20.88% and sales down 1.56%.
January 18, 2024 | 6:01 am
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Taiwan Semiconductor reported higher-than-expected Q4 earnings and sales, but experienced a decrease compared to last year's figures.
Beating earnings and sales estimates typically has a positive impact on a company's stock price in the short term. However, the year-over-year decline in both earnings and sales may temper investor enthusiasm, suggesting a more moderate positive impact.
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RELEVANCE 100