Semiconductor Manufacturing (SMI) Reports Q1 Revenues Below Estimates

Semiconductor Manufacturing (NYSE: SMI) reported Q1 EPS of $, versus $0.07 reported last year. Revenue for the quarter came in at $831 million versus the consensus estimate of $855.25 million.

First Quarter 2018 Highlights

• Revenue was $831.0 million, and $723.4 million excluding the recognition of the technology licensing revenue in 1Q18 (the "Licensing Revenue"), compared to $787.2 million in 4Q17 and $793.1 million in 1Q17.
• Gross profit was $220.2 million, and $112.6 million excluding the effect of the Licensing Revenue in 1Q18, compared to $148.5 million in 4Q17 and $220.8 million in 1Q17.
• Gross margin was 26.5%, and 15.6% excluding the effect of the Licensing Revenue in 1Q18, compared to 18.9% in 4Q17 and 27.8% in 1Q17.

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

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