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Net revenues of $1.70 billion and gross margin of 33.9% in the second quarter.
July 28, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported financial results for the second quarter and first half ended July 2, 2016. Second quarter net revenues totaled $1.70 billion, gross margin was 33.9%, and net earnings were $0.03 per share. “In the second quarter, we made another step towards our goal to return to year-over-year sales growth in the second half of 2016. Sequentially, revenues increased 5.6% and gross margin improved 50 basis points. We also made progress in our set-top box restructuring program and...
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