Categories Earnings, LATEST, Technology

STMicroelectronics (STM): Q4 2019 Earnings Snapshot

—  STMicroelectronics (NYSE: STM) reported fourth-quarter earnings of 0.43 per share vs. $0.37 per share expected.

— Net revenue rose 4% to $2.75 billion,  vs. $2.68 billion expected, despite weakness in automotive sales.

— Q4 gross margin of 39.3%; operating margin of 16.7%.

— For Q1 2020, the company expects net revenues of about $2.36 billion, a decrease of 14.3% sequentially. Gross margin is projected to be 38%, plus or minus 200 basis points.

—  In 2020, the company plans to invest about $1.5 billion in CAPEX to support strategic initiatives and revenue growth.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top