United Microelectronics UMC reported a 6.3% drop in its second-quarter net profit.
UMC's quarterly net profit fell to $2.99 billion Taiwan dollars (US$99 million), from NT$3.19 billion, in the year-ago period. However, analysts were expecting a net profit of NT$2.65 billion.
UMC's revenue declined 1.9% to NT$27.62 billion from NT$28.15 billion.
UMC shares closed at $2.05 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in