Taiwan Semiconductor Manufacturing (TSM): Q2 net profit +24% to a record NT$51.81B ($1.74B) vs...


Taiwan Semiconductor Manufacturing (TSM): Q2 net profit +24% to a record NT$51.81B ($1.74B) vs consensus of NT$49.32B, boosted by strong demand from smartphone and tablet makers for high-performance chips. EPS NT$2 ($0.33 per ADR unit). Revenue +22% to NT$155.89B, also a record. Gross margin 49% vs company guidance of 47.5-49.5%. Expects Q3 revenue to rise up to 5.2% on quarter. Chairman Morris Chang cuts forecast for 2013 growth in the semiconductor industry to 3% from 4% previously. (PR)
From other sites
Comments (2)
  • Piptief
    , contributor
    Comments (1314) | Send Message
     
    record profits...marginal cut in 2013 growth for semiconductors from 4% t o3% and teh stock is down more than 7%? wth?
    18 Jul 2013, 10:43 AM Reply Like
  • brendang0027
    , contributor
    Comments (19) | Send Message
     
    I agree, record profits, this does not make sense, buy on this gift.
    18 Jul 2013, 02:21 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs