HSINCHU, Taiwan (AP) — HSINCHU, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co. (TSM) on Thursday reported third-quarter profit of $10.06 billion.
On a per-share basis, the Hsinchu, Taiwan-based company said it had net income of $1.94.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The chip company posted revenue of $23.5 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $22.72 billion.
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