Semiconductor Manufacturing (SMI) Tops Q2 EPS by 7c

August 10, 2016 9:06 AM EDT
Get Alerts SMI Hot Sheet
Trade SMI Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Semiconductor Manufacturing (NYSE: SMI) reported Q2 EPS of $0.11, $0.07 better than the analyst estimate of $0.04. Revenue for the quarter came in at $690.2 million versus the consensus estimate of $667.85 million.

Q3 Outlook

  • Revenue to increase by 8% to 11% quarter over quarter.
  • Gross margin to range from 28% to 30%.
  • Non-GAAP operating expenses excluding the effect of employee bonus accrual, government funding and gain from the disposal of living quarters to range from $140 million to $145 million.
  • Non-controlling interests of our majority-owned subsidiaries to range from positive $4 million to positive $6 million (losses to be borne by non-controlling interests).

For earnings history and earnings-related data on Semiconductor Manufacturing (SMI) click here.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Guidance

Related Entities


Add Your Comment