Company news: United Micro’s (UMC) quarterly results miss analysts’ expectations

United Micro (UMC) reported Q4 FY2024 earnings of $0.10 per share (versus $5.30 per share in Q4 FY2023), missing analysts’ consensus estimate of $0.14 per share.

The company’s quarterly revenues amounted to $1.840 bln (+4.9% y/y), missing analysts’ consensus estimate of $1.858 bln.

UMC rose to $6.36 (+1.27%) in pre-market trading.