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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