RUN - United Microelectronics trades in red on missed Q4 revenue; capacity utilization at 99%

"Our business traction in Q3 carried over into Q4, lifting utilization rate to 99% and raising wafer shipments to 2.3M 8-inch equivalents. The stable capacity utilization was driven by robust end market demand from consumer and computing related applications," United Microelectronics ([[UMC]] -5.1%) co-president Jason Wang commented.Revenue rose 8.2% Y/Y however missed consensus by $30M; EPS stood at $0.16 vs. $0.13 in Q3 and $0.06; Gross margin: 23.9% (vs. 16.7% in year ago quarter); Operating margin: 12.4% (vs. 4.8% in year ago quarter).Cash inflow from operating activities was NT$16.07B; capex stood at NT$12.04B; cash and equivalents of NT$94.05B.Segment/geography analysis:Revenue contribution from 40nm and below technologies increased to 40%.Revenue from Asia Pacific rose to 61% as business from North America declined to 29% of sales; Business from Europe was 5% while contribution from Japan declined to 5%.Revenue from the communication segment declined to 49%, while business from computer applications grew to 16%. Business from consumer applications increased to 25% as other segments

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United Microelectronics trades in red on missed Q4 revenue; capacity utilization at 99%