SMIC's recorded third-quarter revenue of $1.08 billion, topping analysts' estimates of $994.8 million, according to the company statement today on the Hong Kong Stock Exchange.
Previous analysts' estimates for the leading Chinese contract chip maker's third-quarter revenue ranged from $957 million to $1.1 billion.
SMIC's third-quarter net profit was $256.4 million.
SMIC's gross margin for the third quarter was 24.2%, beating analysts' estimates of 22.0%.
SMIC's third-quarter capital expenditures were $2.28 billion.
SMIC said it expects fourth-quarter revenue to be down 10-12 percent from the previous quarter, and full-year revenue growth estimates were revised up to 24-26 percent.
