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Taiwan's United Microelectronics (NYSE: UMC) posted a rise in its fourth-quarter net profit.

UMC's quarterly net profit surged to 1.17 billion New Taiwan dollars ($39.7 million), from NT$980 million, in the year-ago period. However, analysts were expecting a profit of NT$1.65 billion.

Its revenue climbed 6.8% to NT$26.09 billion from NT$24.43 billion.

UMC shares closed at $1.91 yesterday.

Posted-In: profitEarnings News

 

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