Company News: United Micro (UMC) quarterly earnings miss analysts’ estimate

Market news

24 April 2019

Company News: United Micro (UMC) quarterly earnings miss analysts’ estimate

United Micro (UMC) reported Q1 FY 2019 earnings of $0.02 per share (versus $0.28 in Q1 FY 2018), beating analysts’ consensus of -$0.09.

The company’s quarterly revenues amounted to $32.580 bln (-13.1% y/y), generally in line with analysts’ consensus estimate of $32.756 bln.

UMC fell to $1.78 (-7.77%) in pre-market trading.

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