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STMicroelectronics triples profit on continued solid margin in Q3

Thursday 26 October 2017 | 09:52 CET | News
STMicroelectronics reported revenues for the third quarter up almost 19 percent from the year before to USD 2.14 billion, passing expectations. The gross margin also went beyond guidance, jumping to 39.5 percent from 35.8 percent, and driving the operating margin, before impairment and restructuring, to 13.7 percent. The net profit more than tripled to USD 236 million, or USD 0.26 per share, from 71 million and 0.08 per share. Looking forward, the company continues to see solid demand across product groups and geographies. It therefore expects revenues to increase by 10 percent and the gross

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Categories: Mobile & Wireless
Companies: STMicroelectronics
Countries: World
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