Semiconductor Manufacturing (NYSE: SMI) reported Q3 EPS of ($0.16), versus $0.06 reported last year. Revenue for the quarter came in at $306.9 million, versus $403.79 million reported last year.

Semiconductor Manufacturing also issued the following fourth-quarter 2011 outlook:

Revenue is expected to decline between -5% to -8%.

Gross margin is expected to range from -3% to -6%.

Operating expenses excluding foreign exchange differences are expected to range from $89 million to $ 92 million.