United Microelectronics Corp (ADR) (UMC) Releases Earnings Results, Misses Expectations By $-0.11 EPS

United Microelectronics Corp (ADR) (UMC) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.02 earnings per share for the quarter, missing the analyst consensus estimate by $-0.11. Analysts had a consensus of $0.13. The company posted revenue of $34400.00 million in the period, compared to analysts expectations of $33840.64 million. The company’s revenue was down -8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

United Microelectronics Corp (ADR) opened for trading at $1.97 and hit $1.99 on the upside on Friday, eventually ending the session at $1.99, with a gain of 1.02% or 0.02 points. The heightened volatility saw the trading volume jump to 7,82,744 shares. Company has a market cap of $4,945 M.

United Microelectronics Corporation is a global semiconductor foundry that provides technology and manufacturing for applications spanning various sectors of the integrated circuit (IC) industry. The Company operates through two segments: wafer fabrication and new business. The primary operating activity of the Company’s wafer fabrication segment is the manufacture of chips to the design specifications of its customers by using its own processes and techniques. The new business segment primarily includes researching developing manufacturing and providing solar energy and new generation light-emitting diode (LED). The Company provides turnkey solutions testing services package solution development and product yield management service. The Company maintains a customer base across various industries including communication consumer electronics computer memory and others. The Company also provides design support services.

United Microelectronics Corp (ADR)

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