Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (TSM) Releases Earnings Results, Beats Expectations By $0.04 EPS

Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (TSM) announced its most recent quarterly financial results on Thursday, Oct-13-2016. TSM said it had a profit of $3.73 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $3.69. The company posted revenue of $260410.00 million in the period, compared to analysts expectations of $255762.90 million. TSM’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.91 EPS.

Many Wall Street Analysts have commented on Taiwan Semiconductor Mfg. Co. Ltd. (ADR). Taiwan Semiconductor Mfg. Co. Ltd. (ADR) was Upgraded by Susquehanna to ” Neutral” on Oct 4, 2016.

Taiwan Semiconductor Mfg. Co. Ltd. (ADR) closed down -0.55 points or -1.76% at $30.73 with 1,01,57,575 shares getting traded on Tuesday. Post opening the session at $30.99, the shares hit an intraday low of $30.51 and an intraday high of $30.99 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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