Semiconductor Manufacturing (SMI) Tops Q2 EPS by 7c

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.

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