TSMC Q3 Earnings Fall

(RTTNews) - Taiwan Semiconductor Manufacturing Company Ltd. (TSM) on Thursday reported lower earnings for the third quarter after revenue declined.

Quarterly earnings decreased 24.9 percent to NT$211.00 billion from NT$280.86 billion for the same period last year.

Earnings per share fell to NT$8.14 or $1.29 per ADR from NT$10.83 or $1.79 per ADR of the previous year.

Revenues dropped 10.8 percent to NT$546.73 billion from NT$613.14 billion of the prior year.

In US dollars, revenues declined 14.6 percent to $17.28 billion from $20.23 billion from a year ago.

On Wednesday, TSM shares closed at $89.60, down 1.54% on the New York Stock Exchange.