SMIC reports Q3 revenue up 34% YoY to ~$3.19B, net profit up 123% to ~$428.4M, above ~$396.8M est., and a gross margin of 29.9%, above its 26% to 28% guidance (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal:
SMIC reports Q3 revenue up 34% YoY to ~$3.19B, net profit up 123% to ~$428.4M, above ~$396.8M est., and a gross margin of 29.9%, above its 26% to 28% guidance  —  Gross margin reached 29.9% in the third quarter  —  SMIC, China's largest contract chip manufacturer, more than doubled profit …