01:22 PM EDT, 07/31/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph.)

United Microelectronics ( UMC ) shares were up more than 10% in recent Wednesday trading after reporting higher Q2 revenue.

The company reported Q2 earnings of 1.11 New Taiwan dollars ($0.034) per diluted share, down from NT$1.27 a year earlier.

Analysts polled by Capital IQ expected NT$0.89.

Revenue for the quarter ended June 30 was NT$56.80 billion, compared with NT$56.30 billion a year earlier.

Analysts surveyed by Capital IQ expected NT$56.38 billion.

Price: 8.20, Change: +0.77, Percent Change: +10.30