STMicro: operating margin down in Q2
(CercleFinance.com) - STMicroelectronics has reported Q2 2020 diluted EPS that is down at 0.
10 dollar, vs. 0.18 dollar a year ago, with an operating margin that is down 390 basis points year-on-year to 5.1%.
The group's gross margin reached 35%, down 320 basis points year-on-year, for net sales of 2.09 billion dollars, down 4%, with a contraction in imaging, automotive and MEMS sales.
Regarding Q3, the Franco-Italian semiconductor manufacturer is targeting a gross margin of 36% and net sales of 2.45 billion dollars, in the middle of its forecasts.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
10 dollar, vs. 0.18 dollar a year ago, with an operating margin that is down 390 basis points year-on-year to 5.1%.
The group's gross margin reached 35%, down 320 basis points year-on-year, for net sales of 2.09 billion dollars, down 4%, with a contraction in imaging, automotive and MEMS sales.
Regarding Q3, the Franco-Italian semiconductor manufacturer is targeting a gross margin of 36% and net sales of 2.45 billion dollars, in the middle of its forecasts.
Copyright (c) 2020 CercleFinance.com. All rights reserved.