Semiconductor Manufacturing International Q4 Profit Rises - Quick Facts

(RTTNews) - Semiconductor Manufacturing International Corp. (SMI) reported fourth-quarter net income to company of $28.39 million, compared to $14.68 million, prior year. Earnings per share was breakeven, flat with last year. Earnings per ADS was $0.04 compared to $0.02.

Analysts polled by Thomson Reuters expected the company to report profit per share of $0.04 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $485.89 million from $491.80 million last year. Analysts expected revenue of $487.93 million for the quarter.

For the first quarter of 2015, the company expects: revenue to increase by 2% to 5% quarter over quarter; and gross margin to range from 27% to 29%.