Reported Thursday, UMC June 2024 Sales Decline 7.9% YoY To NT$17.584M
Portfolio Pulse from Benzinga Newsdesk
UMC reported a 7.9% year-over-year decline in sales for June 2024, amounting to NT$17.584 million. However, the company's sales for the first half of 2024 showed a slight increase of 0.84% compared to the same period in 2023.
July 05, 2024 | 3:00 pm
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NEGATIVE IMPACT
UMC reported a 7.9% decline in June 2024 sales year-over-year, but a slight increase of 0.84% in sales for the first half of 2024. This mixed performance may lead to short-term volatility in UMC's stock price.
The significant decline in June sales is likely to weigh on investor sentiment, potentially leading to a short-term decrease in UMC's stock price. However, the slight increase in H1 sales may provide some support, resulting in overall volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100