Stock Track | United Microelectronics Plunges 5.10% in Tuesday Trading After Q4 Earnings Disappoint

Stock Track

2025/01/21

United Microelectronics (UMC) shares plummeted 5.10% in pre-market trading on Tuesday, underperforming the broader semiconductor sector. The selloff came after the chipmaker reported disappointing fourth-quarter earnings results that missed analyst expectations.

For the fourth quarter of 2024, UMC reported earnings per ADS of $0.10, falling short of the consensus estimate of $0.15. Revenue for the quarter came in at $1.84 billion, slightly below the projected $1.87 billion.

The chipmaker's Q4 performance also marked a decline from the same period a year earlier. Both earnings and revenue figures were down year-over-year, reflecting weaker demand conditions in the semiconductor industry.

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Both earnings and revenue figures were down year-over-year, reflecting weaker demand conditions in the semiconductor industry.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UMC","symbol_name":"联电","start_time":0,"source_url":"","article_id":"1103283898","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1103283898","pubTimestamp":1737470476,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"United Microelectronics  shares plummeted 5.10% in pre-market trading on Tuesday, underperforming the broader semiconductor sector. 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