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Net revenues of $1.82 billion, up 12.9% year-over-year on growth across all product groups.
April 27, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported financial results for the first quarter ended April 1, 2017. First quarter net revenues totaled $1.82 billion, gross margin was 37.6%, and net income was $108 million, or $0.12 per share. “The positive momentum we have had over the last quarters has continued entering 2017,” said Carlo Bozotti, STMicroelectronics president and CEO. “In the first quarter, both revenues and gross margin were better than the mid-point of the guidance,” Bozotti added. “Year-over-y...
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