View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 26, 2010

STMicroelectronics Q4 net revenues up 14% to $2.58bn

Net loss narrows to $70m

By CBR Staff Writer

STMicroelectronics has reported net revenues of $2.58bn for the fourth quarter of fiscal 2009, up 14% compared to $2.27bn for the same period last year. Net revenues increased 13.6% sequentially.

Net revenues rose in all market segments except consumer and industrial, which are down by 11% and 7%, respectively. Automotive was up by 23%, Telecom by 17%, Computer by 37% and Distribution by 12%, compared to the same period a year ago.

The company reported an operating loss of $6m for the fourth quarter of 2009, compared to $139m in the same period last year.

For the fourth quarter ended December 31, 2009, the company posted a net loss of $70m, compared to a loss of $366m. Net loss per share attributable to parent company for the quarter was $0.08, compared to $0.42 for the same period last year.

President and CEO Carlo Bozotti commented, “Our fourth quarter net revenues increased 13.6% sequentially, above our outlook range and our gross margin came in at 37%, above the midpoint of our outlook range. Excluding restructuring charges, ST returned to an operating income of $90m for the quarter.”

For full year 2009, the company reported net revenues of $8.51bn, compared to $9.84bn in 2008. Operating loss was $1.02bn, compared to $198m in 2008, while net loss attributable to parent company for the full year 2009, was $1.13bn, compared to $786m last year.

Mr Bozotti said: “We started the first quarter with a solid backlog and we are working to serve our customers’ demand. In-line with historical trends, we expect to register a sequential net revenue decrease between about -7% and -13% which equates to a positive 35% to 45% when compared to the year-over-year period.

Content from our partners
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
How tech leaders can keep energy costs down and meet efficiency goals

However, we expect a better than historical evolution in our gross margin to about 37.5%, plus or minus one percentage point thanks to better manufacturing loading and efficiency and an improved product mix.”

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.