UMC Reports First Quarter 2020 Results
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United Microelectronics (UMC) Misses Q1 EPS by 0.9c, Revenues Miss; '2Q Outlook Stable'
April 27, 2020 5:44 AM EDTUnited Microelectronics (NYSE: UMC) reported Q1 EPS of $0.031, $0.009 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.39 billion.
First Quarter 2020 Overview1:
Revenue: NT$42.27 billion (US$1.40 billion)Gross margin: 19.2%Foundry operating margin: 8.2%Foundry capacity utilization rate: 93%Net income attributable to stockholders of the parent: NT$2.21 billion (US$73 million)Earnings per share: NT$0.19; earnings per ADS: US$0.031SC Chien, co-president of UMC, said, In the first quarter, foundry revenue grew 1.0% QoQ to NT$42.27 billion, leading to a foundry... More
