Tsmc Fourth Quarter Net Profit Of About 3.4 Billion Us Dollars Slightly Down 0.9%

TSMC's earnings report released yesterday showed that the company slipped margin slightly in the fourth quarter of last year due to the offset of some revenue growth due to the stronger exchange rate of NTD.

TSMC, the supplier of the core processor for Apple's iPhone, posted a net profit of NT $ 99.29 billion (US $ 3.4 billion) in the fourth quarter of 2017, down 0.9% from the same period in 2016.

The company's quarter revenue rose 5.9%, reaching 9.21 billion US dollars, an increase of 10.1%. This figure is above the company's guidance of 9.1 billion to 9.2 billion US dollars.

The company's quarterly operating margin was 39.2%, exceeding the guidance range of 37% to 39%.

TSMC shares closed up 2.7% Thursday before the release of earnings, the same day the Taiwan stock market index rose 0.6%.