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TSMC Stocks Fall Despite Record NT$1.49 Trillion Quarter
GuruFocus ·
GuruFocus reports: TSMC , the world's largest contract chipmaker, slipped approximately 1.14% to $466.83 at 10am EST on Oct. 8, despite delivering a record quarter. According to Reuters, the company reported third-quarter revenue of NT$1.49 trillion, up 50% from a year earlier. Strong growth. A weaker stock. Investors still want more. Quarterly revenue reached $46.71 billion, clearing management's $45.8 billion guidance ceiling by roughly 2%. September contributed NT$511.86 billion, up…