real-time news and commentary for investors
Thursday, Apr 26
2012, 1:50 PM
TSMC (TSM +6.5%) soars after posting a strong Q1 report: EPS beat by $0.03, and revenue by...
TSMC (TSM +6.5%) soars after posting a strong Q1 report: EPS beat by $0.03, and revenue by $120M. In addition, the world's biggest chip foundry, which is benefiting from 28nm and mobile chip demand, is guiding for Q2 sales of $4.3B-$4.4B, above a consensus of $3.9B, and is hiking its 2012 capex forecast - a positive for chip equipment vendors such as LRCX and KLAC. TSMC's results, along with other solid reports (I, II, III), are fueling a rally in chip stocks (SOXX +1.9%). (PR)