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Why TSMC Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving Premarket

Benzinga ·  Oct 17 11:39

Shares ofTaiwan Semiconductor Manufacturing Company Limited(NYSE:TSM) rose sharply in today's pre-market trading following better-than-expected quarterly results.

TSMC reported consolidated third-quarter revenue of NT$759.69 billion ($23.50 billion), up 39% year-over-year. Sequentially, the top line expanded by 12.8%. In dollar terms, the revenue growth was 36% year-over-year and 12.9% quarter-over-quarter. Revenue topped the NT$748 billion consensus, as provided by Bloomberg.

Taiwan Semiconductor Manufacturing shares jumped 8.1% to $202.75 in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

Gainers

  • Staffing 360 Solutions, Inc. (NASDAQ:STAF) rose 354.4% to $6.27 in pre...
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