TSMC Posts Record June Revenue of $13.8B, up 68% YoY, but Stock Falls 2.9%

TSM-2.94%
According to Barron's, TSMC posted a record monthly revenue of 442.68 billion New Taiwan Dollars (approximately $13.8 billion) in June on July 13, representing a 68% increase year-over-year. However, the milestone failed to boost investor sentiment, as TSMC's ADR shares declined 2.9% to close at $421.58. The company's second-quarter total revenue reached 1.27 trillion New Taiwan Dollars, exceeding its own guidance but slightly trailing analyst expectations of 1.28 trillion New Taiwan Dollars.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments