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Net revenues are $2.23 billion, up 22.2% year-over-year, with net income of $239 million.
April 26, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported financial results for the first quarter ended March 31, 2018. First quarter net revenues totaled $2.23 billion, gross margin was 39.9%, and net income was $239 million or $0.26 diluted earnings per share. “We started 2018 with another quarter of double-digit, year-over-year sales growth across all product groups and regions,” commented Carlo Bozotti, STMicroelectronics president and CEO. “On a sequential basis, first quarter results were better than the mid-point ...
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