By Kosaku Narioka Taiwan Semiconductor Manufacturing Co. reported third-quarter results on Thursday. Here's what you need to know. NET PROFIT: TSMC's net...
Taiwan Semiconductor Manufacturing Co. reported third-quarter results on Thursday. Here's what you need to know.
NET PROFIT: TSMC's net profit dropped 25% from a year earlier to 211.0 billion New Taiwan dollars in the three months ended Sept. 30. That exceeded the estimate of NT$189.70 billion in a poll of analysts by S&P Global Market Intelligence. REVENUE: Third-quarter revenue decreased 11% from a year earlier to NT$546.73 billion, though it climbed 14% from the previous quarter.--GUIDANCE: TSMC projects that revenue will increase to US$18.8 billion and US$19.6 billion in the fourth quarter, compared with US$17.28 billion in the previous quarter.
--MARGIN: Operating profit margin came in at 41.7% in the third quarter, down 8.9 percentage points from a year earlier and 0.3 percentage point lower than in the prior quarter. The company forecasts that operating profit margin will fall further to between 39.5% and 41.5% in the current quarter. --CAPEX: The chip maker spent US$7.10 billion in capital expenditure in the third quarter, down from US$8.17 billion in the second quarter and US$9.94 billion in the first
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