Investing.com - United Microelectronics reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
United Microelectronics announced earnings per share of 0.149 on revenue of 1.65B. Analysts polled by Investing.com anticipated EPS of 0.0978 on revenue of 1.66B.
United Microelectronics shares are up 28.35% from the beginning of the year and are trading at 10.820 , 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 1.95 on revenue of 41.71B, compared to forecasts EPS of 1.78 on revenue of 41.04B.
Alphabet C had beat expectations on Tuesday with first quarter EPS of 26.29 on revenue of 55.31B, compared to forecast for EPS of 15.71 on revenue of 51.36B.
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