Benzinga | Jan 27, 2021 07:09AM EST

Recap: United Microelectronics Q4 Earnings



Shares of United Microelectronics (NYSE:UMC) were flat in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were up 190.91% year over year to $0.16, which beat the estimate of $0.06.

Revenue of $1,590,000,000 rose by 14.31% year over year, which beat the estimate of $1,570,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jan 27, 2021

Time: 04:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/bzzseck5

Technicals

52-week high: $10.61

Company's 52-week low was at $2.10

Price action over last quarter: Up 90.00%

Company Overview

United Microelectronics Corp is a Taiwan-based, the world's second- largest foundry in terms of market share, went public as an American depositary receipt in the United States in 2000. The firm manufactures semiconductors for chipmakers such as AMD and Xilinx. However, the company has consistently lagged Taiwan Semiconductor in terms of market share and operating efficiency. UMC also holds several types of investments in other tech firms, which have provided it with incremental income in recent years.