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Net revenues up 15.8% to $9.66 billion, with operating income up 39.3% to $1.40 billion.
January 25, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported US GAAP financial results for the fourth quarter and year ended Dec. 31, 2018. ST reported fourth quarter net revenues of $2.65 billion, gross margin of 40%, operating margin of 16.8%, and net income of $418 million or $0.46 diluted earnings per share. “ST delivered a solid performance in the fourth quarter, with net revenues and operating income increasing sequentially 5.0% and 11.5%, respectively,” Jean-Marc Chery, STMicroelectronics president and CEO, said. “Net ...
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