HSINCHU, Taiwan (AP) — HSINCHU, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co. (TSM) on Thursday reported second-quarter net income of $7.66 billion.
The Hsinchu, Taiwan-based company said it had profit of $1.48 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The chip company posted revenue of $20.82 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $20.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSM at https://www.zacks.com/ap/TSM
