Flexible Electronics News

STMicroelectronics Reports 4Q 2016, Full Year Financial Results

Notes 2016 net revenues of $6.97 billion, net income of $165 million, free cash flow of $312 million

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By: DAVID SAVASTANO

Editor, Ink World Magazine

STMicroelectronics reported financial results for the fourth quarter and full year ended Dec. 31, 2016.   Fourth quarter net revenues totaled $1.86 billion, gross margin was 37.5%, and net earnings were $112 million or $0.13 per share.   “In the fourth quarter we continued to see sustained demand, resulting in revenues and gross margin better than the midpoint of our guidance. Net revenues grew 3.5% sequentially and 11.5% year-over-year; our gross margin of 37.5% increased substantially both...

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