STMicro: improves profitability in the 2nd quarter.
(CercleFinance.com) - STMicroelectronics publishes 2nd quarter net profits of 151 million dollars, or 0.
17 dollars per share, compared with a net profit of 108 million, or 0.12 dollars per share in the previous quarter.
Operating profits before restructuring and impairment charges came to 184 million or 9.6% of net turnover compared with 7.4% in the previous quarter, chiefly because of higher turnover.
At 1,923 million dollars, net profits progressed by 5.6% year-on-year, a better performance than the habitual seasonality and 60 base points above the middle of the range predicted by the semiconductor manufacturer.
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17 dollars per share, compared with a net profit of 108 million, or 0.12 dollars per share in the previous quarter.
Operating profits before restructuring and impairment charges came to 184 million or 9.6% of net turnover compared with 7.4% in the previous quarter, chiefly because of higher turnover.
At 1,923 million dollars, net profits progressed by 5.6% year-on-year, a better performance than the habitual seasonality and 60 base points above the middle of the range predicted by the semiconductor manufacturer.
Copyright (c) 2017 CercleFinance.com. All rights reserved.