TSMC: Q3 Earnings Snapshot

HSINCHU, Taiwan (AP) — HSINCHU, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co. (TSM) on Thursday reported third-quarter net income of $6.67 billion.

The Hsinchu, Taiwan-based company said it had net income of $1.29 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.

The chip company posted revenue of $17.28 billion in the period.

For the current quarter ending in December, TSMC said it expects revenue in the range of $18.8 billion to $19.6 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSM at https://www.zacks.com/ap/TSM