January 30, 2013 / 10:27 PM / in 5 years

STMicro posts quarterly loss, mobile business weighs

SAN FRANCISCO (Reuters) - European chipmaker STMicroelectronics (STM.PA) 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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below