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UPDATE 1-TSMC's Q3 net profit falls 7.1 pct, beats estimates

UPDATE 1-TSMC's Q3 net profit falls 7.1 pct, beats estimates
From Reuters - October 18, 2017

TAIPEI (Reuters) - Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd on Thursday said net profit fell 7.1 percent in the three months through September, slightly better than analyst estimates.

The worlds largest contract chipmaker booked third-quarter profit of T$89.925 billion ($2.98 billion), from T$96.76 billion in the same period a year earlier. The result compared with the T$88.19 billion average of 21 analyst estimates, Thomson Reuters Eikon showed.

Revenue rose 1.5 percent from a year earlier to $8.32billion, slightly better than the $8.12 billion to $8.22 billion forecast TSMC issued in July.

The results come just days before the chipmaker celebrates its 30th anniversary and about a week before pre-orders begin for Apples latest iPhones, which are widely expected to carry TSMC-made chips.

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