Investing.com - United Microelectronics reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
United Microelectronics announced earnings per share of 0.257 on revenue of 2.01B. Analysts polled by Investing.com anticipated EPS of 0.1998 on revenue of 1.97B.
United Microelectronics shares are up 26.81% from the beginning of the year, still down 15.26% from its 52 week high of 12.61 set on September 3. They are outperforming the EUR/USD which is down 0% from the start of the year.
United Microelectronics follows other major Technology sector earnings this month
United Microelectronics's report follows an earnings beat by Alphabet C on Tuesday, who reported EPS of 27.99 on revenue of 65.12B, compared to forecasts EPS of 23.84 on revenue of 63.47B.
Facebook had beat expectations on Monday with third quarter EPS of 3.22 on revenue of 29.01B, compared to forecast for EPS of 3.19 on revenue of 29.58B.
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