STMicro: 2019 earnings down 20%
(CercleFinance.com) - On Thursday morning STMicroelectronics reported a 19.
8% drop in FY 2019 earnings at 1,032 million dollars, or 1.14 dollar per share, with an operating margin that is down 1.9 point at 12.6%.
The semiconductor maker's net sales slipped 1.1% to 9.56 billion dollars, while its gross margin fell 1.3 point to 38.7%. Capex was 1.17 billion dollars, after the deduction of income from disposals.
The group said, "For 2020, we plan to invest about $1.5 billion in CAPEX to support our strategic initiatives and revenue growth to progress towards our mid-term revenue ambition of $12 billion."
Copyright (c) 2020 CercleFinance.com. All rights reserved.
8% drop in FY 2019 earnings at 1,032 million dollars, or 1.14 dollar per share, with an operating margin that is down 1.9 point at 12.6%.
The semiconductor maker's net sales slipped 1.1% to 9.56 billion dollars, while its gross margin fell 1.3 point to 38.7%. Capex was 1.17 billion dollars, after the deduction of income from disposals.
The group said, "For 2020, we plan to invest about $1.5 billion in CAPEX to support our strategic initiatives and revenue growth to progress towards our mid-term revenue ambition of $12 billion."
Copyright (c) 2020 CercleFinance.com. All rights reserved.