United Microelectronics Reports Sales Decline Of 24.45% YoY For September 2023
Portfolio Pulse from Benzinga Newsdesk
United Microelectronics (UMC) reported a year-on-year sales decline of 24.45% for September 2023. The company's revenues for the period from January to September also decreased by 20.53% compared to the same period in 2022.
October 06, 2023 | 6:57 am
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UMC's sales have significantly declined by 24.45% YoY for September 2023, and its revenues for Jan-Sep 2023 are also down by 20.53% YoY.
The significant decline in UMC's sales and revenues indicates a potential financial instability in the company. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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