Semiconductor Manufacturing Q1 Profit Rises - Quick Facts

(RTTNews) - Semiconductor Manufacturing International Corp. (SMI) reported first-quarter net income to company of $55.48 million, compared to $20.26 million, prior year. Earnings per share was breakeven, flat with last year. Earnings per ADS was $0.07 compared to $0.03.

Analysts polled by Thomson Reuters expected the company to report profit per share of $0.03 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased 13% to $509.80 million from $451.08 million last year. Analysts expected revenue of $505.45 million for the quarter.

For the second 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%.