STMicro: profitability up sharply in 2017
(CercleFinance.com) - STMicroelectronics has reported 2017 earnings of 802 million dollars, or 0.
89 dollar per diluted share, compared with 0.19 dollar in 2016, and a margin before amortization and restructuring costs of 12.4%, against 4.4% in 2016.
Net sales rose by 19.7% to 8.35 billion dollars, including a 41.4% increase for the AMS Group (analogue products, MEMS and sensors), driven by a triple-digit growth for imaging products and strong growth of analogue products and MEMS.
For the first quarter of 2018, STMicro expects sales to fall by 10% compared to Q4 2017 (down about 3.5%. The group's gross margin is expected to be about 39.5%, down about 2%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
89 dollar per diluted share, compared with 0.19 dollar in 2016, and a margin before amortization and restructuring costs of 12.4%, against 4.4% in 2016.
Net sales rose by 19.7% to 8.35 billion dollars, including a 41.4% increase for the AMS Group (analogue products, MEMS and sensors), driven by a triple-digit growth for imaging products and strong growth of analogue products and MEMS.
For the first quarter of 2018, STMicro expects sales to fall by 10% compared to Q4 2017 (down about 3.5%. The group's gross margin is expected to be about 39.5%, down about 2%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.