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STMicroelectronics NV Issues FY 2013 Q4 Revenues and Gross Margin Guidance; Comments on FY 2015 Operating Margin Target

Tuesday, 22 Oct 2013 06:33pm EDT 

STMicroelectronics NV announced that it expects fiscal year 2013 fourth quarter revenues to be about flat on a sequential basis, plus or minus 3.5%. Gross margin in the fiscal year 2013 fourth quarter is expected to be about 33.0%, plus or minus 2.0%. STMicroelectronics NV also announced that while pursuing the objective to reach an operating margin of approximately 10%, the timing to achieve the operating margin target will depend on the level of revenues. Based on current visibility, including market conditions, reaching the operating margin target is expected in mid fiscal year 2015, approximately six months later than originally expected. 

Company Quote

-0.02 -0.24%
22 Aug 2014