Taiwan Semiconductor Manufacturing Co., Ltd.(TSM) Q2 2021 earnings conference call is scheduled at 2:00 am ET and 2:00 pm SGT on July 15. You can listen to the live earnings call by subscribing to it.
Sales and Revenue
This company reported a 20% jump in quarterly sales, as the company raced to meet demand for chips from the automotive and other industries.
Sales for the quarter ended in June came in at NT$372.1 billion ($13.3 billion), in line with the average analyst estimate of NT$371.3 billion. Revenue for June was NT$148.5 billion, up 23% from a year ago.
Earnings Preview
According to Zacks Investment Research, based on 1 analysts' forecasts, the consensus EPS forecast for the quarter is $0.89, and the revenue estimate stands at 13.31B.
The upgrade of TSMC to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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