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Technology Stocks : Semi Equipment Analysis
SOXX 306.14+0.4%Dec 24 4:00 PM EST
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To: Sam who wrote (87120)7/15/2021 8:55:27 AM
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Taiwan Semiconductor Manufacturing ( TSM), the world's leading chip foundry, on Thursday met earnings expectations for the second quarter. It also guided higher for sales in the third quarter. But TSM stock dropped in early trading.

Taiwan Semi earned 93 cents per U.S. share in the June quarter, up 18% year over year and in line with analyst estimates. The company's sales rose 28% to $13.29 billion in the second quarter.

In local currency, Taiwan Semi's sales increased 19.8% year over year while earnings rose 11.2%.

For the third quarter, Taiwan Semi forecast revenue of $14.6 billion to $14.9 billion. The midpoint of $14.75 billion topped Wall Street's consensus estimate of $14.57 billion. Its sales in the year-earlier period were $12.4 billion.

finance.yahoo.com
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