STMicroelectronics: Q3 EPS down 17%
(CercleFinance.com) - STMicroelectronics reports diluted EPS that is down 17% at 0.
34 dollar, with an operating margin that is down 270 basis points at 13.1% of net sales in the third quarter.
Again in annual terms, the Franco-Italian semiconductor manufacturer recorded a net sales of 2.55 billion dollars, up 1.2%, with growth due to analog products, MEMS and sensors (+7.7%).
For Q4 2019, STMicro expects net sales to increase by approximately 5% sequentially, plus or minus 350 basis points, with its gross margin expected to be approximately 38.2%, plus or minus 200 basis points.
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34 dollar, with an operating margin that is down 270 basis points at 13.1% of net sales in the third quarter.
Again in annual terms, the Franco-Italian semiconductor manufacturer recorded a net sales of 2.55 billion dollars, up 1.2%, with growth due to analog products, MEMS and sensors (+7.7%).
For Q4 2019, STMicro expects net sales to increase by approximately 5% sequentially, plus or minus 350 basis points, with its gross margin expected to be approximately 38.2%, plus or minus 200 basis points.
Copyright (c) 2019 CercleFinance.com. All rights reserved.