United Microelectronics Expects Q3 Wafer Shipments to Grow by Mid Single Digit % and Firm Average Selling Price QoQ
Portfolio Pulse from Benzinga Newsdesk
United Microelectronics (UMC) expects Q3 wafer shipments to grow by mid single digit percentage and firm average selling price quarter-over-quarter.
July 31, 2024 | 9:05 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
United Microelectronics (UMC) expects Q3 wafer shipments to grow by mid single digit percentage and firm average selling price quarter-over-quarter. This indicates a positive outlook for the company's performance in the upcoming quarter.
The anticipated growth in wafer shipments and firm average selling price suggests improved revenue and profitability for UMC in Q3. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100