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Stock impact report

BRIEF-STMicroelectronics Q1 Net Profit Up At USD 192 Million [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-STMicroelectronics Q1 Net Profit Up At USD 192 Million April 22 (Reuters) - STMICROELECTRONICS NV: * Q1 NET REVENUES $2.23 BILLION; GROSS MARGIN 37.9%; OPERATING MARGIN 10.4%; NET INCOME $192 MILLION * BUSINESS OUTLOOK AT MID-POINT: Q2 NET REVENUES $2.0 BILLION AND GROSS MARGIN OF 34.6% * Q1 GROSS PROFIT TOTALED $846 MILLION, REPRESENTING A YEAR-OVER-YEAR INCREASE OF 3.5% * Q1 OPERATING INCOME INCREASED 9.4% TO $231 MILLION, COMPARED TO $211 MILLION IN YEAR-AGO QUARTER * GUIDANCE FOR 2020 Q2: * NET REVENUES ARE EXPECTED TO BE $2.0 BILLION, A DECREASE OF 10.3% * SEES Q2 GROSS MARGIN OF ABOUT 34.6%, PLUS OR MINUS 200 BASIS POINTS * OUTLOOK IS BASED ON AN ASSUMED EFFECTIVE CURRENCY EXCHANGE RATE OF APPROXIMATELY $1.11 = EUR 1.00 FOR 2020 Q2 Source text for Eikon: Further company coverage: (Gdansk Newsroom) Show less Read more
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