Taiwan Semi (NYSE: TSM) reported Q4 EPS of $0.43, $0.03 better than the analyst estimate of $0.40. Revenue for the quarter came in at $6.24 billion versus the consensus estimate of $6.15 billion.

Year-over-year, fourth quarter revenue decreased 8.5% while net income and diluted EPS both decreased 8.9%. Compared to third quarter 2015, fourth quarter results represent a 4.2% decrease in revenue, and a 3.3% decrease in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.

Outlook:

• Revenue is expected to be between NT$198 billion and NT$201 billion;
• Gross profit margin is expected to be between 47% and 49%;
• Operating profit margin is expected to be between 36.5% and 38.5%.
• The management also states 2016 capital budget to be between US$9 billion and US$10 billion.

For earnings history and earnings-related data on Taiwan Semi (TSM) click here.