Taiwan Semiconductor Manufacturing (TSM) said Monday that revenue increased to about 293.29 billion Taiwanese dollars ($8.94 billion) in January from NT$278.16 billion a month earlier.
The increase represents a gain of 5.4% month-over-month and an advance of almost 35.9% from a year ago.
The company also said a Jan. 21 Taiwan earthquake measuring 6.4 magnitude on the Richter scale will cause it to lower its Q1 revenue forecast closer to the lower end of its $25 billion to $25.8 billion revenue guidance. Analysts polled by FactSet expect $25.36 billion.
Though the company said the quake and its aftershocks left "no structural damage to our fabs, and the water supply, power, workplace safety systems, and operations are functioning normally," a number of wafers in the process of being built had to be discarded contributing to quake related-costs of NT$5.3 billion.
The company said it "making every effort to recover the lost production, and there is no change to our full-year outlook."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.