Good News - STM Q3 Beats earnings, revenues | STM Message Board Posts


STMicroelectronics NV

  STM website

STM   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board
Msg  121 of 129  at  10/26/2017 9:14:34 AM  by

counting_heads


Good News - STM Q3 Beats earnings, revenues

SA - https://seekingalpha.com/pr/16980418-stmicroelectronics-reports-2017-third-quarter-nine-months-financial-results
 
 

STMicroelectronics Reports 2017 Third Quarter and Nine Months Financial Results

|GlobeNewswire|About: STM
Q3: 10-22-17 Earnings Summary
EPS of $0.28 beats by $0.03
Revenue of $2.14B (+ 18.9% Y/Y) beats by $50M


  • Third quarter net revenues of $2.14 billion, up 11.1% sequentially and 18.9% year-over-year
  • Third quarter gross margin of 39.5%, up 120 basis points sequentially, driving operating margin before impairment and restructuring(1) to 13.7%
  • First nine months net revenues up 15.0% to $5.88 billion, net income of $494 million and free cash flow(1) of $194 million
  • ST re-entered the CAC 40 Euronext Paris Index

Geneva, October 26, 2017 - STMicroelectronics (STM) (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 September 30, 2017.

Third quarter net revenues totaled $2.14 billion, gross margin was 39.5%, and net income was $236 million, or $0.26 per share.

"In the third quarter we achieved a number of important milestones: quarterly revenues exceeded $2.1 billion, up almost 19% year-over-year; gross margin was 39.5% and operating margin before impairment and restructuring was 13.7%," said Carlo Bozotti, STMicroelectronics President & CEO.

"All product groups recorded double-digit year-over-year revenue growth, driven by strong demand across all geographies in our focus application areas of Internet of Things, Smartphones, Industrial and Smart Driving.

"ST's transformation, focused on sustainable revenue growth across our entire portfolio, is taking shape, driven by our technologies, products, people and diversified customer base. We are determined to continue on this growth and innovation trajectory, underpinned by a solid financial position and enhanced liquidity."

Quarterly Financial Summary (US$ Million)



     e-mail to a friend      printer-friendly     add to library      
|  
Recs: 0  
   Views: 578 []
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board




Financial Market Data provided by
.
Loading...