Taiwan Semiconductor's Q1 Earnings, Revenue Increase; Q2 Revenue Outlook Issued-March 2024-www.financetom.com

Taiwan Semiconductor's Q1 Earnings, Revenue Increase; Q2 Revenue Outlook Issued

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Taiwan Semiconductor's Q1 Earnings, Revenue Increase; Q2 Revenue Outlook Issued

Apr 18, 2024 2:38 AM

05:26 AM EDT, 04/18/2024 (MT Newswires) -- Taiwan Semiconductor Manufacturing ( TSM ) reported Q1 earnings Thursday of 8.70 New Taiwan dollars ($0.27) per diluted share, up from NT$7.98 a year earlier.

Analysts polled by Capital IQ expected NT$8.33.

Revenue for the quarter ended March 31 was NT$592.64 billion, up from NT$508.63 billion a year earlier.

Analysts surveyed by Capital IQ expected NT$584.46 billion.

For Q2, the semiconductor foundry expects revenue of $19.6 billion to $20.4 billion. Analysts surveyed by Capital IQ expect $19.23 billion.

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