STMicroelectronics N.V. (STM) Gains on Solid Q4, Outlook

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Go back to STMicroelectronics N.V. (STM) Gains on Solid Q4, Outlook

STMicroelectronics Reports 2016 Fourth Quarter and Full Year Financial Results

January 26, 2017 1:07 AM EST

Fourth quarter net revenues up 3.5% sequentially and 11.5% year-over-year Fourth quarter gross margin of 37.5%, above our guidance, drives operating margin before impairment and restructuring(1) to 8.2% 2016 net revenues of $6.97 billion; net income of $165 million, free cash flow(1) of $312 million

Geneva, January 26, 2017 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported financial results for the fourth quarter and full year ended December 31, 2016.

Fourth quarter net revenues totaled $1.86 billion, gross margin was 37.5%, and net... More