TSMC earnings beat all expectations; Why is TSM stock sliding?
Photo: Finbold
Taiwan Semiconductor Manufacturing Company (NYSE: TSM ) reported blockbuster third-quarter results , driven by robust demand for advanced artificial intelligence ( AI ) chips and high-performance computing (HPC). However, TSM stock fell sharply after the results. Revenue rose 16.2% sequentially and reached $46.72 billion, comfortably above analyst estimates of $45.41 billion. At the same time, earnings per share (EPS) came in at $ 4.60, beating expectations of $4.42 by about 4.1%. Despite the earnings beat, however, profitability showed signs of near-term trouble.
Source: Finbold
