United Microelectronics (UMC) Misses Q4 EPS by 4c, provides guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Citi Double Downgrades United Microelectronics Corp (2303:TT) (UMC) to Sell
January 21, 2025 12:21 PM ESTCiti analyst Roland Shu downgraded United Microelectronics Corp (2303:TT) (NYSE: UMC) from Buy to Sell with a price target of TWD40.00 (from TWD55.00).
The analyst comments "UMCs 4Q24 net profit of NT$8.5bn (down 41% QoQ, down 36% YoY) was well below Citi and... More
