Taiwan Semiconductor Manufacturing Co Reported Q1 Revenue of $18.5B (NT$195.2B), up by 16.5% YoY, Vs $18.4B Est
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor Manufacturing Co (TSMC) reported a Q1 2024 revenue of $18.5B (NT$195.2B), marking a 16.5% increase YoY, slightly above the $18.4B estimate. March 2024 revenue alone saw a 34.3% increase from March 2023.
April 10, 2024 | 7:33 am
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TSMC reported a Q1 2024 revenue of $18.5B, a 16.5% YoY increase, surpassing the $18.4B estimate. March 2024 revenue increased by 34.3% compared to March 2023.
TSMC's reported revenue surpassing estimates and showing significant year-over-year growth indicates strong operational performance and market demand for its products. This positive financial news is likely to instill investor confidence and could lead to a short-term uptick in TSM's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100