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Stock impact report

STMicroelectronics Reports 2017 Third Quarter and Nine Months Financial Results

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: GlobeNewswire
Third quarter net revenues of $2.14 billion, up 11.1% sequentially and 18.9% year-over-yearThird quarter gross margin of 39.5%, up 120 basis points sequentially, driving operating margin before impairment and restructuring(1) to 13.7%First nine months net revenues up 15.0% to $5.88 billion, net income of $494 million and free cash flow(1) of $194 millionST re-entered the CAC 40 Euronext Paris Index  Geneva, October 26, 2017 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported financial results for the third quarter and nine months ended September 30, 2017. Third quarter net revenues totaled $2.14 billion, gross margin was 39.5%, and net income was $236 million, or $0.26 per share. "In the third quarter we achieved a number of important milestones: quarterly revenues exceeded $2.1 billion, up almost 19% year-over-year; gross margin was 39.5% and operating margin before impairment Show less Read more
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