• Taiwan Semiconductor Manufacturing Co Ltd TSM.N reported quarterly adjusted earnings of $2.92​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.94. The mean expectation of six analysts for the quarter was for earnings of $2.65 per share. Wall Street expected results to range from $2.54 to $2.77 per share.

• Revenue rose 1,308.2% to $330.98 billion from a year ago; analysts expected $32.22 billion.

• Taiwan Semiconductor Manufacturing Co Ltd shares had risen by 9.1% this quarter and gained 54.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Taiwan Semiconductor Manufacturing Co Ltd is $305.45, about 0.2% above its last closing price of $304.71

This summary was machine generated from LSEG data October 16 at 12:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)