The exciting news about United Microelectronics Corporation (NYSE: UMC) will be shared on Wednesday 30th October 2024. Investors and analysts are eagerly waiting to hear about the company's financial performance for the third quarter of 2024. This significant announcement will happen before market open.
Based on the predictions of financial experts on Wall Street, the concern is expected to reveal an anticipated $0.17 profit per share for the quarter. Additionally, the firm is poised to disclose a total revenue of $1.88 billion for the quarter.
When looking back at the corresponding quarter from the previous year, the company's earnings report showcased a per-share income of $0.2. This was attributed to the company's total revenue, which amounted to an impressive $1.77 billion during that same period.
Wall Street analysts have revealed their forecasts for the company's annual performance, predicting a total revenue of $7.23 billion. Additionally, they expect the company to report per share profit of $0.65 for the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.17 | -15.0% | 1.75 B | -3.3% |
| Q1 2024 | $0.13 | -40.9% | 1.71 B | -4.1% |
| Q4 2023 | $0.17 | -32.0% | 1.79 B | -19.0% |
| Q3 2023 | $0.20 | -42.9% | 1.77 B | -25.5% |
| Q2 2023 | $0.20 | -31.0% | 1.81 B | -25.4% |
| *Growth on year-over-year basis | ||||
During Monday's trading, United Microelectronics Corporation (UMC) shares reached a low of $7.40 and a high of $7.66, along with a total volume of 13.58 million shares. The stock ended the regular trading session at $7.42, indicating fall of 4.26 percent.
