Taiwan Semiconductor(NYSE:TSM) stock rose by 2.04% on Friday after the company reported its Q3 earnings results on Thursday, October 14, 2021 at 02:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Taiwan Semiconductor beat their estimated earnings by 3.85%, which did not surprise analysts.
Revenue was up $2,738,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0, which was followed by a 1.52% drop in the share price the next day.
Here’s a look at Taiwan Semiconductor’s past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|---|
| EPS Estimate | 1.04 | 0.93 | 0.95 | 0.94 | 0.77 |
| EPS Actual | 1.08 | 0.93 | 0.96 | 0.97 | 0.90 |
| Price Change % | 2.04% | -1.52% | 0.41% | -0.96% | -1.64% |
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