United Microelectronics Q3 2024 GAAP EPADS $0.18 Misses $0.19 Estimate, Sales $1.910B Beat $1.883B Estimate
Portfolio Pulse from Benzinga Newsdesk
United Microelectronics reported Q3 2024 GAAP EPADS of $0.18, missing the estimate of $0.19. However, sales were $1.910 billion, surpassing the expected $1.883 billion.
October 30, 2024 | 9:52 am
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United Microelectronics' Q3 2024 earnings per share missed estimates, but sales exceeded expectations.
The earnings per share (EPADS) of $0.18 missed the analyst estimate of $0.19, which could be seen negatively by investors. However, the sales figure of $1.910 billion exceeded expectations of $1.883 billion, which is a positive sign. The mixed results may lead to a neutral short-term impact on the stock price as investors weigh the earnings miss against the sales beat.
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