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STMicroelectronics Reports 2016 3Q, Nine Month Financial Results

Third quarter net revenues are $1.80 billion, up 5.5% sequentially and 1.9% year-over-year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

STMicroelectronics reported financial results for the third quarter and nine months ended Oct. 1, 2016. Third quarter net revenues totaled $1.80 billion, gross margin was 35.8%, and net earnings were $71 million or $0.08 per share.   “In the third quarter revenues increased 5.5% sequentially and 1.9% year-over year. Revenue growth also brought improved operating profitability, with a third quarter operating margin before impairment and restructuring of 6.6%,” said Carlo Bozotti, STMicroelectro...

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