TSM Stock: Taiwan Semiconductor Beats Q3 Earnings Target
Taiwan Semiconductor Manufacturing (TSM), the world’s largest chip foundry, on Thursday beat expectations for third-quarter earnings. It also guided higher for the current period. TSM stock rose in early trading on the news.
Taiwan Semi earned $1.08 per U.S. share in the September quarter, up 17% from the year-earlier period. Analysts expected earnings of $1.04 a share, according to FactSet. The company’s sales increased 23% to $14.88 billion.
For the fourth quarter, Taiwan Semi…