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UMC Q3 Net Profit Up 24.1%

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United Microelectronics (NYSE: UMC) reported a 24.1% rise in its third-quarter net profit.

UMC's quarterly net profit surged to 2.42 billion New Taiwan dollars (US$83 million). Its revenue climbed 13.3% to NT$28.53 billion.

UMC projects its Q4 revenue to fall 6% to 8% from the prior quarter.

UMC shares closed at $1.92 on Friday.

Posted-In: profitEarnings News

 

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