United Microelectronics Corp reports results for the quarter ended September 30 - Earnings Summary

• United Microelectronics Corp reported quarterly adjusted earnings of 21 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 20 cents. The lone analyst forecast for the quarter was for earnings of 21 cents per share.

• Revenue rose 19.7% to $2.32 billion from a year ago; analysts expected $2.28 billion.

• United Microelectronics Corp's reported EPS for the quarter was 21 cents​.

• United Microelectronics Corp shares had fallen by 20.6% this quarter and gained 147.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "sell" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is "buy."

• Wall Street's median 12-month price target for United Microelectronics Corp is $13.60, about 43% below its last closing price of $19.45

This summary was machine generated from LSEG data October 28 at 12:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)