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TSMC Beats on Q1 Earnings, Shares Fall: ETFs in Focus [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
This Taiwan-based chipmaker returned to sales and earnings growth after four consecutive quarters of declines on a year-over-year basis. Despite the earnings beat, shares of TSM dropped nearly 5% on the day as the company took a cautionary view of the industry. Investors could tap the opportune moment with the help of ETFs having the largest allocation to the world's largest contract semiconductor manufacturer. These include SP Funds S&P World ex-US ETF SPWO, SP Funds S&P Global Technology ETF SPTE, VanEck Vectors Semiconductor ETF SMH, Global X Emerging Markets ex-China ETF EMM and Xtrackers Semiconductor Select Equity ETF CHPS. Earnings in Focus The company reported earnings per ADR of $1.38, which outpaced the Zacks Consensus Estimate of $1.29 and improved 8.9% from the year-ago earnings. Revenues rose 16.5% year over year to $18.87 billion and were above the estimate of $18.38 billion. Taiwan Semiconductor, which makes chips for companies from Apple AAPL to Nvidia NVDA, ex
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