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Recorded 2017 net revenues of $8.35 billion, up 19.7% year-over-year, with free cash flow of $338 million.
January 29, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported financial results for the fourth quarter and full year ended Dec. 31, 2017. Fourth quarter net revenues totaled $2.47 billion, gross margin was 40.6%, and net income was $308 million or $0.34 diluted earnings per share. “ST delivered a strong finish to 2017. Fourth quarter net revenues were up 32.6% year-over-year with double-digit growth across all product groups, gross margin reached 40.6%, and operating margin was at 16.5%,” said Carlo Bozotti, STMicroelectroni...
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