STMicroelectronics Earnings: Everything You Must Know Now

STMicroelectronics NV (NYSE:STM) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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STMicroelectronics NV Earnings Cheat Sheet

Results: Adjusted Earnings Per Share were the same at $-0.14 in the quarter as EPS of $-0.14 in the year-earlier quarter.

Revenue: Decreased 0.4% to $2.01 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: STMicroelectronics NV reported adjusted EPS loss of $0.14 per share. By that measure, the company beat the mean analyst estimate of $-0.17. It missed the average revenue estimate of $2.01 billion.

Quoting Management: “First quarter sales and gross margin results were in line with the mid-point of our guidance,” said ST President and CEO Carlo Bozotti. “Importantly, excluding ST-Ericsson, our businesses delivered revenues better than normal seasonality despite the ongoing soft macro-economic environment, due to the strong performance of Microcontrollers, Power and Smart Power for industrial and automotive. We also achieved key design wins with leading customers for 28nm FD-SOI technology products and home-gateway applications.”

Key Stats (on next page)…

Revenue decreased 7.08% from $2.16 billion in the previous quarter. EPS decreased to $-0.14 in the quarter versus EPS of $-0.11 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.01 to a loss $0.06. For the current year, the average estimate has moved down from a profit of $0.24 to a profit of $0.06 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)