Semiconductor Manufacturing International Corp. (SMI) released a profit for fourth quarter that decreased from the same period last year
The company's bottom line totaled $107.587 million, or $0.01 per share. This compares with $174.678 million, or $0.02 per share, last year.
The company's revenue for the period rose 31.5% to $2.207 billion from $1.678 billion last year.
Semiconductor Manufacturing International Corp. earnings at a glance (GAAP) :
-Earnings: $107.587 Mln. vs. $174.678 Mln. last year.-EPS: $0.01 vs. $0.02 last year.-Revenue: $2.207 Bln vs. $1.678 Bln last year.
Looking ahead, for the first quarter, the company expects a sequential revenue growth of 6 to 8 percent with a gross margin of 19 to 21 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.