Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (TSM) Releases Earnings Results, Beats Expectations By $0.01 EPS

Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (TSM) reported quarterly earnings results on Thursday, Apr-14-2016. The company said it had a profit of $2.50 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $2.49. The company posted revenue of $203495.00 million in the period, compared to analysts expectations of $202296.05 million. The company’s revenue was down -8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.05 EPS.

Many Wall Street Analysts have commented on Taiwan Semiconductor Mfg. Co. Ltd. (ADR). Taiwan Semiconductor Mfg. Co. Ltd. (ADR) was Upgraded by Morgan Stanley to ” Overweight” on Feb 18, 2016.

Taiwan Semiconductor Mfg. Co. Ltd. (ADR) opened for trading at $25.7 and hit $25.84 on the upside on Monday, eventually ending the session at $25.51, with a gain of 0.91% or 0.23 points. The heightened volatility saw the trading volume jump to 54,06,295 shares. Company has a market cap of $132,297 M.

Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) is a Taiwan-based company principally engaged in the manufacturing selling packaging testing and computer-aided design of integrated circuits (ICs) and other semiconductor devices and the manufacturing of masks. The Company also offers a range of wafer fabrication processes including processes to manufacture CMOS (complementary metal oxide silicon) logic mixed-signal radio frequency (RF) embedded memory BiCMOS (bipolar complementary metal oxide silicon) mixed-signal and other semiconductors. It also offers design mask making bumping probing and assembly and testing services. TSMC operates one 150-millimeter wafer fab six 200-millimeter wafer fabs and three 300-millimeter wafer fabs. The Company manufactures different types of semiconductors with different specific functions. The Company’s semiconductor types include logic semiconductors mixed-signal/RF semiconductors and CMOS image sensor semiconductors.

Taiwan Semiconductor Mfg. Co. Ltd. (ADR)

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