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Stock impact report

BRIEF-StMicro Q4 Net Revenues Up At $2.75 Billion [Reuters]

STMicroelectronics N.V. (STM) 
Last stmicroelectronics n.v. earnings: 4/22 01:00 am Check Earnings Report
US:NYSE Investor Relations: investors.st.com
Company Research Source: Reuters
BRIEF-StMicro Q4 Net Revenues Up At $2.75 Billion Jan 23 (Reuters) - Stmicroelectronics Nv: * REG-STMICROELECTRONICS REPORTS Q4 AND FY 2019 FINANCIAL RESULTS * BUSINESS OUTLOOK AT MID-POINT: Q1 NET REVENUES OF $2.36 BILLION AND GROSS MARGIN OF 38.0% * Q4 NET REVENUES $2.75 BILLION; GROSS MARGIN 39.3%; OPERATING MARGIN 16.7%; NET INCOME $392 MILLION * CAPITAL EXPENDITURE PAYMENTS, NET OF PROCEEDS FROM SALES, WERE $236 MILLION IN Q4 AND $1.17 BILLION FOR 2019 * FY NET REVENUES $9.56 BILLION; GROSS MARGIN 38.7%; OPERATING MARGIN 12.6%; NET INCOME $1,032 MILLION * 2019 FINANCIAL PERFORMANCE, WITH NET REVENUES OF $9.56 BILLION AND AN OPERATING MARGIN OF 12.6%, IS ALIGNED WITH FULL YEAR EXPECTATIONS WE PROVIDED IN APRIL 2019 * FY NET REVENUES $9.56 BILLION; GROSS MARGIN 38.7%; OPERATING MARGIN 12.6%; NET INCOME $1,032 MILLION * FOR 2020, WE PLAN TO INVEST ABOUT $1.5 BILLION IN CAPEX TO SUPPORT OUR STRATEGIC INITIATIVES AND REVENUE GROWTH TO PROGRESS TOWARDS OUR MID-TERM REVENUE AMBITION OF Show less Read more
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