Taiwan Semiconductor Jen-Chau Huan CFO Says We Have Just Guided Our Q2 Gross Margin To Decline By 1.1 Percentage Points To 52% At The Midpoint, Primarily Due To Impact From The Earthquake On April 3
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor's CFO, Jen-Chau Huan, announced in a conference call that the company's Q2 gross margin is expected to decline by 1.1 percentage points to 52% at the midpoint, primarily due to the impact from the earthquake on April 3.
April 18, 2024 | 3:23 pm
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Taiwan Semiconductor's Q2 gross margin is projected to decrease by 1.1 percentage points to 52%, mainly because of the earthquake's impact.
The announcement by TSM's CFO about the expected decline in Q2 gross margin directly relates to the company's financial performance and profitability, primarily attributed to the earthquake's impact. This news is likely to concern investors and could negatively affect the stock price in the short term as it reflects operational disruptions and potential financial strain.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100