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STMicroelectronics proposes Q2 and Q3 2014 dividends and issues Q2 2014 financial guidance


Monday, 28 Apr 2014 04:33pm EDT 

STMicroelectronics NV:Says stable cash dividend of $0.10 per share for both Q2 and Q3 2014 to be proposed to the 2014 Annual General Meeting of Shareholders.Expects Q2 2014 revenues to increase about 2 pct on sequential basis, plus or minus 3.5 percentage points.Gross margin in Q2 2014 is expected to be about 33.6 pct, plus or minus 2.0 percentage points.Q1 2014 net revenue $1.825 billion.Q2 revenue $1.924 billion - Thomson Reuters I/B/E/S Estimates.Says it has signed strategic agreement with top-tier foundry for 28nm FD-SOI technology.