Taiwan Semiconductor Delivers Mixed First-Quarter Results, Guides Lower
Taiwan Semiconductor, better known as TSMC, earned $1.31 per U.S. share on sales of $16.72 billion in the March quarter. Analysts polled by FactSet had predicted earnings of $1.21 a share on sales of $17 billion. On a year-over-year basis, TSMC earnings dropped 3% while sales declined 5%.
For the current quarter, TSMC predicted revenue of $15.2 billion to $16 billion. The midpoint of $15.6 billion is below Wall Street's target of $16.13 billion. In the year-earlier period, TSMC generated $17.87 billion in sales.
