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via finance.yahoo.comMarkets

TSMC Stocks Fall 7.46% Despite a $53.3 Billion Revenue Midpoint

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. TSMC (NYSE:TSM), the Taiwanese chip manufacturer, fell 7.46% to $366.23 per U.S.-listed depositary receipt at 10:20 a.m. ET in November 5 regular trading. The selloff puts its earnings outlook under sharper scrutiny as investors track…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe drop puts TSMC's earnings outlook under closer scrutiny as the price retreats.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01TSM fell 7.46% to $366.23 per ADR at 10:20 a.m. ET on November 5.
  2. 02Third-quarter revenue reached $46.72 billion with a 66.4% gross margin.
  3. 03December-quarter revenue forecast ranges from $52.3 to $54.3 billion, with a midpoint implying about 14.1% sequential growth.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Taiwan Semiconductor Manufacturing Company LimitedTSMStock360.44 USD-0.23%today -8.92%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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