STMicroelectronics N.V. (STM) Reports In-Line Q2 EPS
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STMicroelectronics Reports 2017 Second Quarter and First Half Financial Results
July 26, 2017 1:02 AM EDTSecond quarter net revenues of $1.92 billion; up 5.6% sequentially and 12.9% year-over-yearSecond quarter gross margin of 38.3%; up 70 basis points sequentially driving operating margin before impairment and restructuring(1) to 9.6%First half net revenues of $3.74 billion, net income of $258 million, free cash flow(1) of $113 millionCapital structure in July 2017 strengthened with $1.5 billion convertible bond financing
Geneva, July 26, 2017 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported financial results for the second quarter and first half ended July 1, 2017.
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