Flexible Electronics News

STMicroelectronics Reports 2015 3Q, Nine Month Results

Third quarter net revenues of $1.76 billion, gross margin of 34.8%.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

STMicroelectronics reported financial results for the third quarter and nine months ended September 26, 2015.   Third quarter net revenues totaled $1.76 billion, gross margin was 34.8%, operating margin excluding impairment and restructuring was 5.8%, net income was $90 million and free cash flow was positive $85 million.   “In the third quarter, ST delivered sequential improvement in gross margin, operating margin, earnings per share and free cash flow. Revenue growth was limited and lower ...

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