United Microelectronics (UMC) Reports Q1 Breakeven Loss; Revenue Rose 1.6% Sequentially

United Microelectronics (NYSE: UMC) reported Q1 EPS of $0.00, versus $0.05 reported last year.

Consolidated revenues in 1Q16 rose 1.6% sequentially to NT$34.40 billion, including NT$34.31 billion from the foundry segment. Gross profit during the quarter declined 27.9% QoQ to NT$5.03 billion, or 14.6% of revenue. Operating expenses remained at NT$5.07 billion resulting in an operating loss of NT$16 million. Net non-operating income decreased 94.9% QoQ to NT$46 million. Net income attributable to stockholders of the parent in 1Q16 was NT$210 million.

For earnings history and earnings-related data on United Microelectronics (UMC) click here.

You May Also Be Interested In

• Piper Sandler defends Oracle ahead of earnings, sees $2.2 billion OCI upside
• Solstice acquiring Element Solutions in $14.5B cash and stock deal
• Morgan Stanley Comments on Tesla (TSLA) Miam Robotaxi Launch