Semiconductor Manufacturing (SMI) Tops Q3 EPS by 4c

Semiconductor Manufacturing (NYSE: SMI) reported Q3 EPS of $0.10, $0.04 better than the analyst estimate of $0.06. Revenue for the quarter came in at $569.9 million versus the consensus estimate of $557.5 million.

Fourth Quarter 2015 Guidance:

The following statements are forward looking statements which are based on current expectations and which involve risks and uncertainties, some of which are set forth under "Safe Harbor Statements" below. The Company expects:

• Revenue to increase by 3% to 6% 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 $142 million to $147 million.
• Non-controlling interests of our majority-owned subsidiaries to range from positive $33 million to positive $36 million (losses to be borne by non-controlling interests).

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

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