Why TSMC Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving...

Published on 17 Oct 2024 on Benzinga

Why TSMC Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving...

Shares of Taiwan Semiconductor Manufacturing Company Limited TSM rose sharply in today's pre-market trading following better-than-expected quarterly results.

TSMC reported consolidated third-quarter revenue of NT$759.69 billion ($23.50 billion), up 39% year-over-year. Sequentially, the top line expanded by 12.8%. In dollar terms, the revenue growth was 36% year-over-year and 12.9% quarter-over-quarter. Revenue topped the NT$748 billion consensus, as provided by Bloomberg.

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