United Microelectronics Corp Reported February 2024 Revenue of NT$17.45M, up by 3.07% YoY
Portfolio Pulse from Benzinga Newsdesk
United Microelectronics Corporation (UMC) reported a 3.07% year-over-year increase in February 2024 revenue, reaching NT$17.45M. However, the combined revenue for January and February 2024 slightly declined by 0.15% compared to the same period in 2023.
March 06, 2024 | 8:04 am
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UMC reported a 3.07% increase in February 2024 revenue, with a slight decline in combined Jan-Feb revenue.
The positive growth in February 2024 revenue indicates a strong performance for UMC, likely leading to a positive short-term impact on its stock price. However, the slight decline in combined Jan-Feb revenue may temper investor enthusiasm, making the overall impact moderately positive.
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