Market Updates
U.S. Movers: 3M, LegalZoom.com, TSMC
Scott Peters
10 Jul, 2024
New York City
3M declined 0.2% to $99.55 after the company said its chief financial officer, Monish Patolawala, is leaving the company to "pursue other opportunities" effective July 31.
Taiwan Semiconductor Manufacturing jumped 1.3% to $188.60, and the advanced semiconductor chip maker reported better-than-expected revenue in June.
Consolidated revenue in June was approximately NT$207.87 billion, a decrease of 9.5% from May and an increase of 32.9% from June 2023.
Revenue in the first half of 2024 totaled NT$1,266.15 billion, an increase of 28% compared to the same period a year earlier.
LegalZoom.com plunged 28% to $5.66 after the company said its chief executive, Dan Wernikoff, has resigned from the office.
The company also lowered its annual revenue outlook to between $675 million and $685 million from the previous guidance of between $700 million and $720 million.
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