United Microelectronics Corp reports results for the quarter ended in March - Earnings Summary
United Microelectronics Corp UMC.N reported quarterly adjusted earnings of 13 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 22 cents. The lone analyst forecast for the quarter was for earnings of 14 cents per share.
Revenue fell 2.4% to $1.74 billion from a year ago; analysts expected $1.66 billion.
United Microelectronics Corp's reported EPS for the quarter was 13 cents.
The company reported quarterly net income of $332.74 million.
United Microelectronics Corp shares had fallen by 4.8% this quarter and lost 9.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 3.7% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell."
The average consensus recommendation for the semiconductors peer group is also "hold"
Wall Street's median 12-month price target for United Microelectronics Corp is $8.10
This summary was machine generated from LSEG data April 25 at 06:40 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Mar. 31 2024 | 0.14 | 0.13 | Missed |
Dec. 31 2023 | 0.16 | 0.17 | Beat |
Sep. 30 2023 | 0.17 | 0.20 | Beat |
Jun. 30 2023 | 0.16 | 0.20 | Beat |
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