Texas Instruments reduced its losses in late 2009
STMicroelectronics sees his horizon emerge somewhat after a particularly troubled. The results presented in the fourth quarter by the group on Wednesday showed a recovery of its activity at the end of 2009, which remain generally a bad thought. On the quarter, earnings per share are below expectations, however the sales turn out better than expected. Its net sales in the fourth quarter has indeed reached 2.583 billion dollars, up 13.6% from the previous quarter.In one year, the group's net loss was significantly reduced since it has melted by 80%, from $ 366 million in the fourth quarter of 2008, 70 million dollars over the last three months of 2009.
But for all of 2009, net loss of STMicroelectronics reached 1.13 billion or $ -1.29 per share, up 43.9% compared to the loss recorded on the the year 2008. On the whole financial year, its turnover amounted to 8.51 billion dollars, down 13.5% over 2008 free credit report online . Its gross margin in 2009 amounted to 30.9%, against 36.2% in 2008.
Expected decline in sales in first quarter 2010
In 2010, Carlo Bozotti, group general manager, said he was "excited about the many opportunities that await us."According to him, STMicroelectronics began the year with "a solid backlog. He said provision "in the first quarter 2010 a decrease in our revenues between about -7% and -13% compared to fourth quarter 2009, which corresponds to a positive growth of between 35% and 45% relative in the first quarter of 2009. "
As for gross margin of STMicroelectronics, emerged at 37% in the fourth quarter of 2009, as planned, it could grow to 37.5% in first quarter 2010.
In the eyes of analysts, these projections appeared less confident than those revealed yesterday by the U.S. Texas Instruments. Trade-offs could be made this Wednesday, to the detriment of Title STMicroelectronics.