STMicro: Operating margin up in Q1

(CercleFinance.com) - STMicroelectronics has reported Q1 2018 net income of 239 million dollars (0.
26 dollar per diluted share), compared with 108 million dollars (0.12 dollar per diluted share) over the same period in 2017, with an operating margin that is up 480 basis points at 12.1%.

Y-o-y, the semiconductor manufacturer's net sales rose 22.2% to 2.23 billion dollars, with double-digit growth in all product ranges and a 220 basis point increase in its gross margin to 39.9%.

In Q2 2018, the Company expects sequential sales growth of approximately 1.5%, with a gross margin of approximately 40%.


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