Why Taiwan Semiconductor Stock Popped Today
Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM), that powerhouse of contract semiconductor manufacturing located just off the coast of mainland China, reported powerful Q2 earnings this morning, which sent its shares up 3.3% through 11:40 a.m. ET.
Expected to be $2.28 per American depositary receipt for the quarter, TSMC reported instead $2.47 per ADR, beating the forecast soundly. Sales for the quarter were reported as NT$933.8 billion, which worked out to $30.1 billion.
Image source: Getty Images.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Aktie
283,00 €
-0,70 %
Die Community unterstützt Taiwan Semiconductor Manufacturing Co. Ltd. ADR stark, mit vielen Buy- und wenigen Sell-Einschätzungen.
Ein positives Kurspotenzial für Taiwan Semiconductor Manufacturing Co. Ltd. ADR ist gegeben, mit einem Kursziel von 300 € über dem aktuellen Kurs von 283.0 €.
