Taiwan Semiconductor Beats Third-Quarter Sales, Earnings Views

Chipmaker Taiwan Semiconductor Manufacturing Co. (TSM) on Thursday beat targets for third-quarter sales and earnings and guided higher for current-quarter sales.

XAutoplay: On | OffTaiwan Semiconductor earned 57 cents per American depositary receipt, down 3% from a year earlier but better than the 56 cents forecast by analysts, in the September quarter. Sales also dipped 3% to the equivalent of $8.32 billion in U.S. dollars, which beat Wall Street's target of $8.19 billion.

"The strength of...

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