United Microelectronics Tops Q4 Consensus; Sees Market Demand To Exceed Supply

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United Microelectronics Tops Q4 Consensus; Sees Market Demand To Exceed Supply

Benzinga2022-01-25

United Microelectronics Corp (NYSE:UMC) reported fourth-quarter FY21 revenue growth of 30.5% year-on-year to $2.14 billion, beating the consensus of $2.08 billion.
"In the fourth quarter, strong demand continued to drive full loading across our fabs, while overall wafer shipments grew 1.7% QoQ to 2.55 million 8-inch equivalents," Co-President Jason Wang said.
Margin: The gross margin expanded 1,520 basis points to 39.1%.
Earnings per ADS of $0.235 beat the consensus of $0.210.
The company generated $3.3 billion in operating cash flow during the twelve months ended December 31.
It held $4.8 billion in cash and equivalents.
Outlook: "Looking ahead into Q1 2022, we anticipate that demand across all nodes in UMC's addressable markets will continue to outpace supply," Wang said.
Price Action: UMC shares traded lower by 0.55% at $10.85 in the premarket session on the last check Tuesday.

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EunJung
·2022-01-26
So means can buy now $10.10?
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Sees Market Demand To Exceed Supply","url":"https://stock-news.laohu8.com/highlight/detail?id=2206357068","media":"Benzinga","summary":"\n","content":"<html><body><ul>\n<li><strong>United Microelectronics Corp</strong> (NYSE:UMC) reported fourth-quarter FY21 revenue growth of 30.5% year-on-year to $2.14 billion, beating the consensus of $2.08 billion.</li>\n<li>\"In the fourth quarter, strong demand continued to drive full loading across our fabs, while overall wafer shipments grew 1.7% QoQ to 2.55 million 8-inch equivalents,\" Co-President Jason Wang said.</li>\n<li><strong>Margin:</strong> The gross margin expanded 1,520 basis points to 39.1%. </li>\n<li>Earnings per ADS of $0.235 beat the consensus of $0.210.</li>\n<li>The company generated $3.3 billion in operating cash flow during the twelve months ended December 31.</li>\n<li>It held $4.8 billion in cash and equivalents.</li>\n<li><strong>Outlook: \"</strong>Looking ahead into Q1 2022, we anticipate that demand across all nodes in UMC's addressable markets will continue to outpace supply,\" Wang said.</li>\n<li><strong>Price Action:</strong> UMC shares traded lower by 0.55% at $10.85 in the premarket session on the last check Tuesday.</li>\n</ul>\n</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnited Microelectronics Tops Q4 Consensus; Sees Market Demand To Exceed Supply\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-01-25 20:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><ul>\n<li><strong>United Microelectronics Corp</strong> (NYSE:UMC) reported fourth-quarter FY21 revenue growth of 30.5% year-on-year to $2.14 billion, beating the consensus of $2.08 billion.</li>\n<li>\"In the fourth quarter, strong demand continued to drive full loading across our fabs, while overall wafer shipments grew 1.7% QoQ to 2.55 million 8-inch equivalents,\" Co-President Jason Wang said.</li>\n<li><strong>Margin:</strong> The gross margin expanded 1,520 basis points to 39.1%. </li>\n<li>Earnings per ADS of $0.235 beat the consensus of $0.210.</li>\n<li>The company generated $3.3 billion in operating cash flow during the twelve months ended December 31.</li>\n<li>It held $4.8 billion in cash and equivalents.</li>\n<li><strong>Outlook: \"</strong>Looking ahead into Q1 2022, we anticipate that demand across all nodes in UMC's addressable markets will continue to outpace supply,\" Wang said.</li>\n<li><strong>Price Action:</strong> UMC shares traded lower by 0.55% at $10.85 in the premarket session on the last check Tuesday.</li>\n</ul>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UMC":"联电","BK4554":"元宇宙及AR概念","BK4141":"半导体产品","BK4526":"热门中概股"},"source_url":"https://www.benzinga.com/news/earnings/22/01/25201644/united-microelectronics-tops-q4-consensus-sees-market-demand-to-exceed-supply","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2206357068","content_text":"United Microelectronics Corp (NYSE:UMC) reported fourth-quarter FY21 revenue growth of 30.5% year-on-year to $2.14 billion, beating the consensus of $2.08 billion.\n\"In the fourth quarter, strong demand continued to drive full loading across our fabs, while overall wafer shipments grew 1.7% QoQ to 2.55 million 8-inch equivalents,\" Co-President Jason Wang said.\nMargin: The gross margin expanded 1,520 basis points to 39.1%. \nEarnings per ADS of $0.235 beat the consensus of $0.210.\nThe company generated $3.3 billion in operating cash flow during the twelve months ended December 31.\nIt held $4.8 billion in cash and equivalents.\nOutlook: \"Looking ahead into Q1 2022, we anticipate that demand across all nodes in UMC's addressable markets will continue to outpace supply,\" Wang said.\nPrice Action: UMC shares traded lower by 0.55% at $10.85 in the premarket session on the last check Tuesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}