Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) is reporting third quarter financial results on Thursday 15th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, TSM is expected to report 3Q20 income of $ 0.77 per share from revenue of $ 11512.80 million.
For the full year, analysts anticipate top line of $ 44564.00 million, while looking forward to income of $ 2.91 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 11,200.00 million ~ $ 11,500.00 million
Click Here For More Historical Outlooks Of Taiwan Semiconductor Manufacturing Company Ltd.
Previous Quarter Performance
Taiwan Semiconductor Manufacturing Company Ltd. unveiled income for the second quarter of $ 0.78 per share, from the revenue of $ 10,385.00 million. The quarterly earnings swell 90.24 percent while revenues escalated 34.00 percent compared with the same quarter last year.
Wall street analysts are predicting, TSM to report 2Q20 income of $ 0.71 per share from revenue of $ 10351.10 million. The bottom line results beat street analysts by $ 0.07 or 9.86 percent, at the same time, top line results outshined analysts by $ 33.90 million or 0.33 percent.
Stock Performance
Shares of Taiwan Semiconductor Manufacturing Company Ltd. traded low $ -1.04 or -1.16 percent on Wednesday, reaching $ 88.60 with volume of 7.98 million shares. Taiwan Semiconductor Manufacturing Company Ltd. has traded high as $ 89.88 and has cracked $ 88.27 on the downward trend
According to the previous trading day, closing price of $ 88.60, representing a 109.93 % increase from the 52 week low of $ 42.70 and a 1.79 % decrease over the 52 week high of $ 91.27.
The company has a market capital of $ 413.57 billion and is part of the Technology sector and Semiconductors industry.
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services. It is also involved in investing activities.
