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18.01.2024
Company news: Taiwan Semiconductor Manufacturing (TSM) quarterly earnings beat analysts’ estimates
Taiwan Semiconductor Manufacturing (TSM) reported Q4 FY2023 earnings of $1.44 per share, beating analysts’ consensus estimate of $1.38 per share.
The company’s quarterly revenues amounted to $19.620 bln (-4.5% y/y), slightly missing analysts’ consensus estimate of $19.676 bln.
The company also issued guidance for Q1 FY2024, seeing revenues of $18.0-18.8 bln (versus analysts’ consensus estimate of $18.27 bln), gross profit margin of 52%-54%, and operating profit margin of 40%-42%.
TSM rose to $108.94 (+5.82%) in pre-market trading.
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