STMicroelectronics N.V. (STM) Tops Q4 EPS by 6c; Issues Q1 Outlook

STMicroelectronics N.V. (NYSE: STM) reported Q4 EPS of $0.07, $0.06 better than the analyst estimate of $0.01. Revenue for the quarter came in at $1.83 billion versus the consensus estimate of $1.82 billion.

First quarter 2015 revenues are expected to decrease about 5% on a sequential basis, plus or minus 3.5 percentage points, and reflect no one-time licensing revenue compared to the fourth quarter, ST's high exposure to New-Year holidays in Asia as well as its shorter accounting calendar for the first quarter. Gross margin in the first quarter is expected to be about 33.2%, plus or minus 2.0 percentage points and reflects still high unsaturation charges negatively impacting gross margin by about 120 basis points.

For earnings history and earnings-related data on STMicroelectronics N.V. (STM) click here.

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