United Microelectronics Corp reports results for the quarter ended in June - Earnings Summary

United Microelectronics

31/07/2024 15:59

* United Microelectronics Corp  2303.TW  reported quarterly
adjusted earnings of T$1.10​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of T$1.25.  The mean expectation of
nineteen analysts for the quarter was for earnings of 90 cents
per share. Wall Street expected results to range from 77 cents
to T$1.02 per share.
    * Revenue rose 0.9% to $56.80 billion from a year ago;
analysts
expected T$56.51 billion. 
    * United Microelectronics Corp's reported EPS for the
quarter was
T$1.10​.
    * The company reported quarterly net income of T$13.79
billion.
    * United Microelectronics Corp shares had fallen by 10.2%
this
quarter and lost 4.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 6
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for United
Microelectronics Corp is T$56.00 
This summary was machine generated from LSEG data July 31 at
02:59 p.m. UTC. ​All figures in Taiwan dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.90           1.10           Beat
 Mar. 31 2024      0.85           0.83           Missed
 Dec. 31 2023      0.96           1.04           Beat
 Sep. 30 2023      1.03           1.27           Beat