Plus   Neg

TSMC Q1 Profit Declines YoY; Revenue Down 11.8% - Quick Facts

Taiwan Semiconductor Manufacturing Co Ltd. (TSM) reported first-quarter net income of NT$61.39 billion, and diluted earnings per share of NT$2.37, down 31.6% from previous year.

First-quarter consolidated revenue was NT$218.70 billion, down 11.8% from prior year. In US dollars, revenue was $7.10 billion, a decline of 16.1% year-over-year.

"In the first quarter, our business was impacted by the overall global economic condition which dampened the end market demand. Meanwhile, the net effect from the photoresist defect material incident also impacted our first quarter revenue by about 3.5 percent," said Lora Ho, CFO of TSMC.

For second quarter 2019, the company expects revenue to be between $7.55 billion and $7.65 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Justin Sun, the entrepreneur who founded the cryptocurrency platform TRON, has postponed his charity lunch with billionaire investor Warren Buffett due to ill health. "TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones.... Mountain Rose Herbs has recalled one lot of Fennel Seed Whole after the company found salmonella in part of its inventory. The Eugene, Oregon-based company has recalled all sizes ranging from 4 oz. to 50 lbs. of its Fennel Seed Whole, Lot #25031, because they have the potential to be contaminated... The U.S. Food and Drug Administration announced the suspension of the food facility registration of seafood producer Topway Enterprises Inc., also doing business as Kazy's Gourmet, following repeated food safety violations. From now, Topway will not be able to sell or distribute any food products.
Follow RTT