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Year-over-year operating income improvement of $188 million before impairment and restructuring charges
May 1, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported financial results for the first quarter ended March 29, 2014. First quarter net revenues totaled $1.83 billion, gross margin was 32.8%, and net loss was $0.03 per share. “First quarter revenue and gross margin results were well aligned with our guidance,” said ST president and CEO Carlo Bozotti. “The combination of a positive macro-economic environment and our leading-edge product portfolio helped to drive higher year-over-year revenues in Microcontrollers, Automot...
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