According to TSMC’s announcement yesterday that its third-quarter revenue will exceed the company’s guidance given on July 16, 2015 due to a more favorable US dollar exchange rate to the NT dollar. The company expects its third-quarter revenue to be between NT$211 billion and NT$213 billion, and both gross profit and operating profit margins to be within the range of its July guidance of 47% to 49% for the gross profit margin and 36.5% to 38.5% for the operating profit margin.

TSMC also expects its fourth-quarter revenue will experience a sequential decline and is likely to be between NT$198 billion and NT$204 billion, with profit margin rates similar to its third quarter.

In addition, the company expects its full-year revenue growth rate will still be close to double digits from 2014 as the company previously indicated.

TSMC said that the pre-announcement of fourth-quarter operating outlook is mainly to avoid analysts and investors overly optimistic about the fourth-quarter operating. Although TSMC believed the fourth quarter results will decline, but analysts considered that TSMC still in line with industry seasonally adjusted decrease.