Earnings Results: Taiwan Semi shares rise after earnings, sales beat forecasts

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Shares of Taiwan Semiconductor Manufacturing Co. rose on Thursday after the third-party silicon wafer manufacturer reported forecast-beating earnings and sales in its June-ending quarter.

TSMC TSM TW:2330 reported earnings of $1.55 per American depositary receipt compared with 93 cents per ADR in the year-ago period. Revenue rose to $18.16 billion from $13.29 billion in the year ago period. TSMC had estimated revenue between $17.6 billion and $18.2 billion.

Analysts…

This article was originally published by Marketwatch.com. Read the original article here.

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