Vladimír Urbánek (Kurzy.cz)
World markets  |  July 24, 2012 12:08:01

STMicroelectronics has warned of a decline in revenues in Q3 below estimates the market

Europe's largest chip maker. by STMicroelectronics, estimates for 3Q of this year revenue growth of about 2.5% plus or minus an additional 3%. Center at 2.2 mld.USD behind the existing estimates of the market set to 2.31 billion USD.

Revenues for Q2 of this year grew by 6.5% QoQ.
According to the macroeconomic management of the company is losing growth momentum of development. At the end of 2Q company registered a decline in new orders.

The company recorded in 2Q net loss of 75 mill.USD profit compared to last at 420 mill.USD. Net sales declined by 16% to 2.15 mld.USD. The market on average expected a loss at 63.5 mill.USD and sales at 2.16 mld.USD.

Indicator of gross margin in Q2 increased quite significantly from 29.6 to 34.3%. For 3Q company estimates that a pointer to) the level of minus 35.3% plus a further 1.5%.

STMicro results have also been negatively affected by higher losses of joint venture ST-Ericsson project, which has grown from 221 to 318 last year mill.USD when sales decline by 19% to 344 mill.USD.

STMicro shares fall in response to the report by more than 4%. Since the beginning of the title came to 15%.

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