Taiwan Semiconductor (TSM) Stock Drops 3% Even After a Record Quarter
Photo: CoinCentral
TLDR TSM stock was down $15.12, or 3%, on Thursday despite a third-quarter beat. Net profit rose 68.7% to NT$763.1 billion, topping the NT$746.34 billion estimate. Revenue grew 41.2% to NT$1.49 trillion, ahead of the NT$1.47 trillion forecast. Operating margin came in at 58.7%, above the top of TSMC’s guidance range. TSMC is reportedly weighing a possible Texas investment beyond its Arizona plans. TSM stock was down $15.12, or 3%, on Thursday after Taiwan Semiconductor posted record third-quarter results . The drop came even though both revenue and profit topped estimates.
Source: CoinCentral
