STMicro: operating margin down in Q2
(CercleFinance.com) - STMicroelectronics has reported diluted Q2 2019 EPS that is down 38% at 0.
18 dollar, from 0.29 dollar a year ago, with an operating margin that is down 370 basis points y-o-y to 9.0% of net sales.
Net sales fell 4.2% to 2.17 billion dollars, with a fall in the sales of analog products, microcontrollers and digital integrated circuits, while sales were up in automotive products and discrete power components, MEMS and sensors.
For FY 2019, the Franco-Italian semiconductor manufacturer now expects net sales of between 9.35 billion and 9.65 billion dollars, and confirms its investment plan between 1.1 billion and 1.2 billion dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
18 dollar, from 0.29 dollar a year ago, with an operating margin that is down 370 basis points y-o-y to 9.0% of net sales.
Net sales fell 4.2% to 2.17 billion dollars, with a fall in the sales of analog products, microcontrollers and digital integrated circuits, while sales were up in automotive products and discrete power components, MEMS and sensors.
For FY 2019, the Franco-Italian semiconductor manufacturer now expects net sales of between 9.35 billion and 9.65 billion dollars, and confirms its investment plan between 1.1 billion and 1.2 billion dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.