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: Taiwan Semi’s stock falls after profit topped expectations but gross margin contracted, and is expected to weaken further
The U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. Ltd. TSMTW:2330 slumped 2.9% in premarket trading Thursday, after the contract semiconductor maker topped second-quarter earnings expectations but margins that contracted, while providing a somewhat downbeat outlook. Net income fell to NT$181.80 billion ($5.85 billion), or $1.14 per American depositary share. Revenue fell 10.0% to NT$480.84 billion […] The post : Taiwan Semi’s stock falls after profit topped expectations but gross...
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Posted: Jul 20 2023, 18:44
Author Name: forextv
Views: 080980