SMIC Expects Flat Quarter-on-Quarter Revenue
Semiconductor Manufacturing International Corporation (NYSE: SMI) announced Q4 2010 guidance:
- Revenue is expected to be flat quarter-on-quarter.
- Gross margin is expected to range from 21% to 23%.
- Operating expenses excluding foreign exchange differences are expected to range from $80 million to $84 million.
- 2010 annual capital expenditures are expected to range from $750 million to $800 million.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.