STMicroelectronics Misses on Revenues but Beats on EPS
STMicroelectronics (NYS: STM) reported earnings on Jan. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), STMicroelectronics missed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly, and earnings per share dropped to a loss.
Margins dropped across the board.
STMicroelectronics booked revenue of $2.2 billion. The nine analysts polled by S&P Capital IQ anticipated revenue of $2.2 billion. Sales were 23% lower than the prior-year quarter's $2.8 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at -$0.01. The one earnings estimate compiled by S&P Capital IQ averaged -$0.02 per share. GAAP EPS were -$0.01 for Q4 against $0.24 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 33.4%, 650 basis points worse than the prior-year quarter. Operating margin was -5.6%, 1,410 basis points worse than the prior-year quarter. Net margin was -0.5%, 820 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.1 billion. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $9.9 billion. The average EPS estimate is $0.55.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on STMicroelectronics is hold, with an average price target of $7.06.
New mobile devices are changing the game, and potential profitability, at many semiconductor companies. Some will fail, some will tread water, and those in the right devices will shine. Where does STMicroelectronics fit in? Who will lead going forward? Check out "3 Hidden Winners of the iPhone, iPad, and Android Revolution." Click here for instant access to this free report.
- Add STMicroelectronics to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.