TSMC Q4 Profit Down, Revenues Flat; Results Up Sequentially

(RTTNews) - Taiwan Semiconductor Manufacturing Company Ltd. or TSMC (TSM) reported Thursday that its fourth-quarter profit declined from last year, while revenue was essentially flat.

For the quarter, net income was NT$238.71 billion, down 19.3 percent from last year's NT$295.90 billion. Earnings per share fell to NT$9.21 or $1.44 per ADR unit, from prior year's NT$11.41.

Consolidated revenue was NT$625.529 billion, compared to NT$625.532 billion a year ago. In US dollars, revenue was $19.62 billion, down 1.5 percent year-over-year.

On a sequential basis, fourth-quarter results represented a 14.4 percent increase in revenue and a 13.1 percent increase in net income. In US dollars, fourth-quarter revenue increased 13.6 percent from the previous quarter.

Gross margin for the quarter was 53.0 percent, and operating margin was 41.6 percent.

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