Taiwan Semiconductor Manufacturing Company Limited reports results for the quarter ended September 30 - Earnings Summary

• Taiwan Semiconductor Manufacturing Company Limited reported quarterly adjusted earnings of $4.60​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.92. The mean expectation of eight analysts for the quarter was for earnings of $4.50 per share. Wall Street expected results to range from $4.26 to $4.72 per share.

• Revenue rose 41.2% to $46.72 billion from a year ago; analysts expected $44.93 billion.

• Taiwan Semiconductor Manufacturing Company Limited's reported EPS for the quarter was $4.60​.

• The company reported quarterly net income of $23.86 billion.

• Taiwan Semiconductor Manufacturing Company Limited shares had fallen by 5.7% this quarter and gained 41.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Taiwan Semiconductor Manufacturing Company Limited is $538.95, about 20.2% above its last closing price of $430.00

This summary was machine generated from LSEG data October 15 at 12:04 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)