STMicroelectronics (STM) Q1 Revenue Misses Views, Offers Q2 Guidance

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STMicroelectronics Reports 2015 First Quarter Financial Results

April 30, 2015 1:33 AM EDT

Net revenues of $1.71 billion and gross margin of 33.2% Free cash flow of $41 million* Stable cash dividend of $0.40 per common share payable in equal quarterly installments to be proposed to the 2015 Annual General Meeting of Shareholders

GENEVA, Switzerland, April 30, 2015 (GLOBE NEWSWIRE) -- STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported financial results for the first quarter ended March 28, 2015.

First quarter net revenues totaled $1.71 billion, gross margin was 33.2%, and net loss was $0.03... More