STMicroelectronics N.V. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Revenue Guidance for the First Quarter of 2019
For the full year, the company reported net sales of USD 9,612 million against USD 8,308 million a year ago. Net revenues of USD 9,664 million against USD 8,347 million a year ago. Operating income was USD 1,400 million against USD 1,005 million a year ago. Net income was USD 1,293 million against USD 810 million a year ago. Basic earnings per share attributable to parent company stockholders was USD 1.43 against USD 0.91 a year ago. Diluted earnings per share attributable to parent company stockholders was USD 1.41 against USD 0.89 a year ago.
For the first quarter of 2019, the company expects net revenues to decrease about 20.7% sequentially (down 5.7% year-over-year), plus or minus 350 basis points.