United Micro Electronics Q1 Earnings Drop - Quick Facts

(RTTNews) - Semiconductor foundry United Micro Electronics Corp. (UMC) Wednesday reported that its first-quarter net income attributable to stockholders of the parent fell to NT$210 million from NT$3.98 billion a year ago. Earnings per share dropped to NT$0.02 from NT$0.32 last year. Earnings per ADS was $0.003 versus $0.050 last year.

The group's gross margin during the quarter reached 14.6 percent, compared to last year's 24.3 percent.

Net operating revenue for the quarter declined 8.6 percent to NT$34.404 billion from NT$37.65 billion a year ago.

Looking ahead to the second quarter, the company expects gross profit margin to be in low 20 percent range.