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United Microelectronics First Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line
United Microelectronics (TWSE:2303) First Quarter 2024 Results
Key Financial Results
- Revenue: NT$54.6b (flat on 1Q 2023).
- Net income: NT$10.5b (down 35% from 1Q 2023).
- Profit margin: 19% (down from 30% in 1Q 2023).
- EPS: NT$0.84 (down from NT$1.31 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
United Microelectronics Revenues Beat Expectations
Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan.
Performance of the Taiwanese Semiconductor industry.
The company's shares are down 1.4% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for United Microelectronics (1 is concerning!) that we have uncovered.
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About TWSE:2303
United Microelectronics
United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.
Flawless balance sheet, undervalued and pays a dividend.