TSMC: Q3 Earnings Snapshot

HSINCHU, Taiwan (AP) — HSINCHU, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co. (TSM) on Thursday reported third-quarter profit of $23.86 billion.

The Hsinchu, Taiwan-based company said it had profit of $4.60 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.45 per share.

The chip company posted revenue of $46.72 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $45.62 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSM at https://www.zacks.com/ap/TSM