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First half net revenues were $3.74 billion, with net income of $258 million, free cash flow of $113 million.
July 27, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported financial results for the second quarter and first half ended July 1, 2017. Second quarter net revenues totaled $1.92 billion, gross margin was 38.3%, and net income was $151 million, or $0.17 per share. “It was another solid quarter, with both net revenues and gross margin sequentially performing better than seasonality and above the mid-point of our guidance,” said Carlo Bozotti, STMicroelectronics president and CEO. “On a year-over-year basis, revenue growt...
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