Stifel Upgrades STMicroelectronics (STM) to Buy
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STMicroelectronics Reports 2016 Third Quarter and Nine Month Financial Results
October 27, 2016 1:51 AM EDTThird quarter net revenues of $1.80 billion, up 5.5% sequentially and 1.9% year-over-year Q3 gross margin of 35.8%, up 190 basis points sequentially; up 100 basis points year-over-year Free cash flow(1) before acquisition was $178 million in Q3; $256 million year-to-date
  GENEVA, Oct. 27, 2016 (GLOBE NEWSWIRE) -- STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported financial results for the third quarter and nine months ended October 1, 2016.
Third quarter net revenues totaled $1.80 billion, gross margin was 35.8%, and net earnings were $71 million or $0.08 per... More
