Chip maker, STMicroelectronics (STM) losses narrowed in the first quarter , to $ 170 million. The company is trying to exit of joint venture with Ericsson which caused huge losses to them. The company's other business has a slight improvement excluding joint venture with Ericsson, the revenue growth of 1.3%. STMicroelectronics is chip manufacturer with largest revenue in Europe. The CEO ,Carlo Bozotti said if excluding ST-Ericsson, "Our revenue increased slightly, although the macro-economic environment remains weak, the strong performance of the microcontroller, power, and industrial and automotive intelligent power business." ST-Ericsson's huge losses in the past 18 months impact STMicroelectronics . ST-Ericsson communications chips for cell phones, smartphones rapid growth environment, the company has not been recognized by the market. STMicroelectronics has said that in March, will withdraw from the joint venture company, and to pay the expenses of 350 million-450 million U.S. dollars. The company is also subject to the impact of the slowdown of the overall chip market, the economic downturn in Europe, the changes of the computer and consumer electronics market weakened demand for chips. The STMicroelectronics expected results will rebound in 2013. The company in the last quarter of the have seen Business slight signs of recovery ". The company produces record movement, the heat sensor is very advanced, analysts believe that this market will grow. STMicroelectronics has loss of $ 171 million in first quarter , loss per share of 19 cents. A loss of $ 176 million for the same period last year, the loss per share of 20 cents. The results of the first quarter of this year, includes an amount of $ 101 million related to ST-Ericsson restructuring charges. Excluding non-recurring items of profit or loss, the company's first quarter loss of 13 cents per share, compared with a loss of 14 cents per share. Analysts surveyed by Thomson Reuters on average had expected its quarter loss of 10 cents per share.STMicroelectronics' s total revenue of first quarter fell 0.4% to $ 2.01 billion, in line with the company's 1.94-2.09 billion U.S. dollars is expected. Gross margin increased from 29.6% to 31.3%. |
- Products
-
- Hot Offer
- Contact us
Tel: 86-755-83045964
Fax: 86-755-82513718
E-mail: sales@elecsound.com.cn
MSN: sales@elecsound.com.cn
MSN: elecsoundsales@hotmail.com Skype:elecsoundja
STMicroelectronics Has A Loss Of $ 170 Million At First Quar