According to latest news, STMicroelectronics announces the results of the first quarter of fiscal year in 2012, in the period the company has net loss of $ 176 million. At the first quarter ended on March 31, STMicroelectronics has net loss of $ 176 million, a loss of 20 cents per share. In the same period last year, STMicroelectronics had net profit of $ 170 million, earnings per share was 19 cents. STMicroelectronics has revenue of $ 2.02 billion in the first quarter, down 20%.At this quarter gross margin is 29.6%, the same period of last year it was 31%. In April, STMicroelectronics paid approximately $ 59 million compensation, which makes the sales cost of goods increased,besides,production is not overfull and many other factors, which affected the performance.At the first quarter,free cash flow of STMicroelectronics is $ 98 million, $ 47 million at last quarter.By the end of the first quarter, STMicroelectronics had cash and cash equivalents of $ 2.2 billion. |
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STMicroelectronics Has Net Loss Of $ 176 Million At Q1