SAN FRANCISCO Jan 30 European chipmaker
STMicroelectronics posted a quarterly net loss, hurt by
troubles at its mobile chip unit, and forecast a decline in
revenue for the March quarter.
STMicroelectronics, which makes chips for cars, computers
and mobile phones, reported fourth-quarter revenue of $2.162
billion, down from $2.191 billion in the year-ago quarter.
The company said current-quarter revenue would fall 7
percent sequentially, plus or minus 3.5 percentage points.
It had a fourth-quarter net loss of $428 million, compared
with a net loss of $11 million the same quarter a year earlier.
Analysts on average expected fourth-quarter revenue of $2.148
billion, according to Thomson Reuters I/B/E/S.
(Reporting By Noel Randewich; Editing by Steve Orlofsky)