Investing.com - United Microelectronics reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
United Microelectronics announced earnings per share of 0.16 on revenue of 1.59B. Analysts polled by Investing.com anticipated EPS of 0.0751 on revenue of 1.59B.
United Microelectronics shares are up 17.67% from the beginning of the year and are trading at 9.920 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
United Microelectronics follows other major Technology sector earnings this month
United Microelectronics's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of 2.03 on revenue of 43.08B, compared to forecasts EPS of 1.64 on revenue of 40.23B.
Taiwan Semiconductor had beat expectations on January 14 with fourth quarter EPS of 0.9851 on revenue of 12.93B, compared to forecast for EPS of 0.9362 on revenue of 12.85B.
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