STMicro: Q1 earnings down
(CercleFinance.com) - STMicroelectronics reports diluted earnings per share that is down at 0.
20 dollar for the first three months of 2019, from 0.26 dollar in the first quarter of 2018, with an operating margin that is down 190 basis points to 10.2% (on net revenues).
Net revenues fell 6.7% to 2.08 billion dollars, with a decline in sales
of microcontrollers, memories, analog and imaging, albeit partially
offset by growth in the sales of other products, such as power discrete
components.
For FY 2019, STMicro anticipates net sales of approximately 9.45 billion
to 9.85 billion dollars, and is moderating its investment plan for this
year to 1.1 billion to 1.2 billion dollars, against 1.2 billion to 1.3
billion expected initially.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
20 dollar for the first three months of 2019, from 0.26 dollar in the first quarter of 2018, with an operating margin that is down 190 basis points to 10.2% (on net revenues).
Net revenues fell 6.7% to 2.08 billion dollars, with a decline in sales
of microcontrollers, memories, analog and imaging, albeit partially
offset by growth in the sales of other products, such as power discrete
components.
For FY 2019, STMicro anticipates net sales of approximately 9.45 billion
to 9.85 billion dollars, and is moderating its investment plan for this
year to 1.1 billion to 1.2 billion dollars, against 1.2 billion to 1.3
billion expected initially.
Copyright (c) 2019 CercleFinance.com. All rights reserved.