TSM - BEAT BOTH ANALYSTS ESTIMATE, FUTURE IS BRIGHT
Consolidated revenue, reported April 10, rose 26 percent from a year earlier to NT$132.8 billion(132./29.88=$4.444 B), beating the NT$129.1 billion average of analyst estimates at the time and exceeding the company’s own guidance for NT$127 billion to NT$129 billion. First-quarter net income rose 18 percent to NT$39.6 billion ($1.3 billion) from NT$33.5 billion a year earlier, the Hsinchu, Taiwan-based company said in a statement today. The average of 20 analysts’ estimates compiled by Bloomberg was for profit of NT$37.2 billion. TSM SHOULD BACK $20.00!