Apple Chip Supplier’s Solid Performance Shows Resilience in Trade Fight

The world's largest chip player reported earnings that exceeded estimates by 1.7%. Despite a net income loss from the previous quarter, profits were better than expected, leading to a rise in share price aligned with the World Semiconductor Index. The company has managed to mitigate concerns about Huawei, maintaining strong chip demand. The stock has 22 buy ratings, 5 holds, and 3 sells on Bloomberg. TSMC forecasts third-quarter sales slightly above estimates, between $9.1 and $9.2 billion.

What was the net income loss from the prior quarter?

What is the forecast for the chip maker's third quarter sales?