United Microelectronics Q2 2024 GAAP EPADS $0.17 Beats $0.15 Estimate, Sales $1.750B Miss $1.762B Estimate
Portfolio Pulse from Benzinga Newsdesk
United Microelectronics (UMC) reported Q2 2024 GAAP EPADS of $0.17, beating the estimate of $0.15. However, sales were $1.750 billion, missing the estimate of $1.762 billion.
July 31, 2024 | 9:03 am
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United Microelectronics (UMC) reported mixed Q2 2024 results with GAAP EPADS of $0.17 beating estimates but sales of $1.750 billion missing expectations.
UMC's earnings per share beat expectations, which is positive, but the sales miss could offset some of the optimism. The mixed results are likely to result in a neutral short-term impact on the stock price.
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