STMicroelectronics: Loss of $84 million in the first quarter
Recently, the company signed a flash memory chip joint venture agreement with Intel and investment company Francisco Partners to separate the flash memory business and form a new Numonyx company. These restructurings, sales, and acquisitions of Genesis Microchip in January generated significant costs.
In the first fiscal quarter ended March 30, the company's revenue was $ 2.48 billion, up 9% year-on-year; the net loss was $ 84 million, or 9 cents per share, compared with a net profit of $ 74 million in the same period last year. Earnings per share of 8 cents. Excluding restructuring, asset impairment losses and other items, earnings per share for the quarter were 13 cents.
Analysts of the Thomson Financial Survey originally expected an average of $2.52 billion in revenue and 18 cents per share. Analysts' expectations generally do not include one-off items. On the same day, STMicroelectronics American Depositary Shares fell 6 cents to close at $11.54 per share. In the after-hours trading, it fell another 12 cents to $11.42 per share.
In the first fiscal quarter ended March 30, the company's revenue was $ 2.48 billion, up 9% year-on-year; the net loss was $ 84 million, or 9 cents per share, compared with a net profit of $ 74 million in the same period last year. Earnings per share of 8 cents. Excluding restructuring, asset impairment losses and other items, earnings per share for the quarter were 13 cents.
Analysts of the Thomson Financial Survey originally expected an average of $2.52 billion in revenue and 18 cents per share. Analysts' expectations generally do not include one-off items. On the same day, STMicroelectronics American Depositary Shares fell 6 cents to close at $11.54 per share. In the after-hours trading, it fell another 12 cents to $11.42 per share.
We are engaged in offering a wide range of Bright LED Bulbs, which are designed by us using superior quality raw materials and latest technology. The offered bulbs are highly appreciated among clients for their robust construction, effective working, low maintenance, excellent finish and longer service life. This is available in various dimensions and sizes as per the variegated specifications provided by customers. In addition to this, the offered bulbs are designed with high precision in order to meet the set industry standards.
SMD LED Bulb Lamp, SMD LED Bulb, SMD Light Bulb, E14 LED Bulb
Dearhe Optoelectronics Techco.Factory in Shenzhen,China , http://www.dearheledfactory.com