United Microelectronics Reported Net Sales Decline Of 0.58% YoY In September 2024
Portfolio Pulse from Benzinga Newsdesk
United Microelectronics (UMC) reported a year-over-year net sales decline of 0.58% for September 2024, with revenues dropping from 19,052,938 to 18,942,714. However, the company's cumulative revenue from January to September 2024 increased by 2.59% compared to the same period in 2023.
October 07, 2024 | 6:45 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
United Microelectronics (UMC) experienced a slight decline in net sales by 0.58% YoY for September 2024, but overall revenues for the first nine months of 2024 increased by 2.59% compared to 2023.
The slight decline in September's net sales may not significantly impact UMC's stock price in the short term due to the overall positive revenue growth for the year. Investors might view the overall 2.59% increase in revenues from January to September as a positive sign, balancing the minor monthly decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100