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Full year net revenues were $9.56 billion, with gross margin of 38.7% and net income of $1,032 million.
January 27, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
STMicroelectronics reported US GAAP financial results for the fourth quarter ended Dec. 31, 2019. ST reported fourth-quarter net revenues of $2.75 billion, gross margin of 39.3%, operating margin of 16.7%, and net income of $392 million or $0.43 diluted earn-ings per share. “We closed 2019 with a solid fourth-quarter sales and financial performance,” said Jean-Marc Chery, STMicroelectronics president and CEO. “Net revenues grew 7.9% sequentially, above the mid-point of our guidance of 5.0%, wit...
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