HSINCHU, Taiwan (AP) — HSINCHU, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co. (TSM) on Thursday reported fourth-quarter net income of $7.49 billion.
On a per-share basis, the Hsinchu, Taiwan-based company said it had net income of $1.44.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The chip company posted revenue of $19.62 billion in the period.
For the year, the company reported profit of $26.88 billion, or $5.18 per share. Revenue was reported as $69.3 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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
