SMIC Reports 2018 Third Quarter Results
VanEck ETF Trust (SMI)
Last vaneck etf trust earnings: 11/7 07:08 am
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US:NYSE Investor Relations:
smics.com/eng/investors/ir.php
Company Research
Source: PR Newswire
SHANGHAI, Nov. 7, 2018 /PRNewswire/ -- Semiconductor Manufacturing International Corporation (NYSE: SMI; SEHK: 981) ("SMIC", the "Company" or "our"), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended September 30, 2018.Third Quarter 2018 HighlightsRevenue was $850.7 million in 3Q18, compared to $890.7 million ($837.9 million, excluding technology licensing revenue) in 2Q18 and $769.7 million in 3Q17. Gross profit was $174.5 million in 3Q18, compared to $217.8 million ($165.0 million, excluding technology licensing revenue) in 2Q18 and $177.3 million in 3Q17. Gross margin was 20.5% in 3Q18, compared to 24.5% (19.7%, excluding technology licensing revenue) in 2Q18 and 23.0% in 3Q17.Fourth Quarter 2018 GuidanceThe following statements are forward looking statements based on current expectations and involved risks and uncertainties, some of which are set forth under "Safe Harbor Statements" below. The
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