From TokenPost · · 40s
TSM Shares Drop 1.8% Despite Profit Growth
TSMC shares fell 1.8% on Oct. 15 as chip stocks sold off, even with 69% profit growth.
In brief
TSMC shares fell 1.8% on Oct. 15 as chip stocks sold off, even with 69% profit growth. TSMC shares dropped 1.8% on Oct. 15 amid chip sell-off despite reporting 69% profit growth. Originally reported by TokenPost.
TSMC Shares Drop
TSMC shares fell 1.8% on Oct. 15 as chip stocks sold off despite strong quarterly results.
Profit Growth Report
TSMC reported 68.7% net income growth to NT$763.06 billion for the quarter ended Sept. 30.
Market Reaction
TSMC forecasted $52.3 billion to $54.3 billion in fourth-quarter revenue, 58% higher year over year.
Here's the gist
TSMC shares dropped 1.8% on Oct. 15 amid chip sell-off despite reporting 69% profit growth.
