TSMC beats profit and revenue expectations in the fourth quarter

The world's largest contract chipmaker Taiwan Semiconductor Manufacturing Company on Thursday posted better-than-expected profit and revenue on the back of weaker macroeconomic conditions.Here are TSMC's fourth-quarter results versus LSEG consensus estimates:Revenue: 625.53 billion New Taiwan dollars ($19.62 billion), vs. NT$618.31 billion expectedNet income: NT$238.71 billion, vs. NT$225.22 billion expectedTSMC reported revenue slipped 1.5% from a year ago to NT$625.53 billion, while net income dropped 19. ...