STMicroelectronics N.V. (STM) Tops Q3 EPS by 4c
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STMicroelectronics Reports Q3 2018 Financial Results
October 24, 2018 1:01 AM EDTPR No: C2859C
STMicroelectronics Reports Q3 2018 Financial Results
Q3 net revenues $2.52 billion (up 18.1% Y/Y) Q3 operating margin 15.8% (up 270 bps Y/Y), net income $369 million (up 56.7% Y/Y) Business outlook at mid-point: Q4 net revenues up about 5.7% Q/Q, FY18 net revenues up about 16.0% Y/Y; Q4 gross margin about 39.8%Geneva, October 24, 2018 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the third... More
