United Microelectronics (NYSE:UMC) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 24th.

United Microelectronics (NYSE:UMC) last released its quarterly earnings data on Wednesday, July 25th. The semiconductor company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.03. The business had revenue of $38.85 million for the quarter, compared to the consensus estimate of $40.93 billion. United Microelectronics had a net margin of 8.16% and a return on equity of 5.74%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 earnings per share.

NYSE UMC opened at $2.07 on Tuesday. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 12.53 and a beta of 0.51. United Microelectronics has a 52 week low of $2.06 and a 52 week high of $3.14. The company has a current ratio of 2.32, a quick ratio of 2.02 and a debt-to-equity ratio of 0.32.

Several research firms have commented on UMC. Nomura downgraded shares of United Microelectronics from a “buy” rating to a “neutral” rating in a report on Friday, October 12th. JPMorgan Chase & Co. downgraded shares of United Microelectronics from a “neutral” rating to an “underweight” rating in a report on Wednesday, October 10th. CLSA downgraded shares of United Microelectronics from an “outperform” rating to an “underperform” rating in a report on Monday, October 8th. Mizuho raised shares of United Microelectronics from an “underperform” rating to a “neutral” rating in a report on Monday, July 9th. Finally, Morgan Stanley raised shares of United Microelectronics from an “underweight” rating to an “equal weight” rating in a report on Monday, July 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $2.60.

United Microelectronics Company Profile

United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company operates through Wafer Fabrication and New Business segments. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and light-emitting diode industries.

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Earnings History for United Microelectronics (NYSE:UMC)

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