Taiwan Semiconductor Manufacturing Q1 Earnings, Net Revenue Rise; Q2 Revenue Outlook Set

MT Newswires Live

04/16

Taiwan Semiconductor Manufacturing (TSM) reported Q1 earnings Thursday of 22.08 New Taiwan dollars ($0.70) per diluted share, up from NT$13.94 a year earlier.

Analysts polled by FactSet expected NT$20.92.

Net revenue for the quarter ended March 31 was NT$1.134 trillion, up from NT$839.25 billion a year earlier.

Analysts surveyed by FactSet expected NT$1.121 trillion.

The chipmaker said it expects Q2 net revenue of $39 billion to $40.2 billion. Analysts polled by FactSet expect $38.09 billion.

Shares of the company were up 1.2% in premarket trade.

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Analysts polled by FactSet expect $38.09 billion.Shares of the company were up 1.2% in premarket trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}