Taiwan Semiconductor Manufacturing (TSM) reported Q3 FY2024 earnings of $1.94 per share (versus $1.29 per share in Q3 FY2023), beating analysts’ consensus estimate of $1.79 per share.
The company’s quarterly revenues amounted to $23.500 bln (+36.0% y/y), beating analysts’ consensus estimate of $23.310 bln.
The company also issued upside guidance revenue for Q4 FY2024 of $26.1-26.9 bln versus analysts’ consensus estimate of $24.93 bln.
TSM rose to $203.08 (+8.32%) in pre-market trading.