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First nine months net revenues up 15.0% to $5.88 billion, net income of $494 million and free cash flow of $194 million.
October 27, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported financial results for the third quarter and nine months ended Sept. 30, 2017. Third quarter net revenues totaled $2.14 billion, gross margin was 39.5%, and net income was $236 million, or $0.26 per share. “In the third quarter, we achieved a number of important milestones: quarterly revenues exceeded $2.1 billion, up almost 19% year-over-year; gross margin was 39.5% and operating margin before impairment and restructuring was 13.7%,” said Carlo Bozotti, STMicr...
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