Investing.com - United Microelectronics reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
United Microelectronics announced earnings per share of 0.281 on revenue of 2.22B. Analysts polled by Investing.com anticipated EPS of 0.2579 on revenue of 2.21B.
United Microelectronics shares are up 12.99% from the beginning of the year and are trading at 7.500 , 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 Information Technology sector earnings this month
United Microelectronics's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of 2.22 on revenue of 49.36B, compared to forecasts EPS of 2.19 on revenue of 49.01B.
Taiwan Semiconductor had beat expectations on Thursday, April 14, 2022 with first quarter EPS of 1.35 on revenue of 16.94B, compared to forecast for EPS of 1.27 on revenue of 16.73B.
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