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

Market news

27 April 2020

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

United Micro (UMC) reported Q1 FY 2020 earnings of NT$0.19 per share (versus NT$0.02 per share in Q1 FY 2019), missing analysts' consensus estimate of NT$0.20 per share.

The company's quarterly revenues amounted to NT$42.268 bln (+29.7% y/y), beating analysts' consensus estimate of NT$41.703 bln.

NT$ - the New Taiwan dollar, the official currency used in Taiwan

UMC rose to $2.64 (+2.72%) in pre-market trading.

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