United Microelectronics: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
United Microelectronics (NYSE:UMC) reported Q4 earnings with an EPS of $0.173, beating estimates by 15.33% but with a revenue decrease of $420 million from the previous year. Despite beating EPS estimates last quarter, the share price dropped by 0.28% the following day.
January 31, 2024 | 10:00 am
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UMC reported a higher-than-expected Q4 EPS but with lower revenue compared to last year. Historical data shows a slight stock price drop following last quarter's earnings beat.
UMC's earnings beat may be overshadowed by the year-over-year revenue decline, which could concern investors. Historical performance indicates a potential for a slight negative reaction in the stock price following the earnings announcement.
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