STMicroelectronics: profitability improves in Q3
(CercleFinance.com) - STMicroelectronics has published Q3 net income that is up 56.
7% (y-o-y) at 369 million dollars, or 41 cents per share, with an operating margin that is up 270 bp at 15.8%.
The semiconductor manufacturer's net sales came in at 2.52 billion dollars, up 18.1% y-o-y and up 11.2% sequentially, above the middle of its forecast range of 10%.
"Based on our fourth quarter guidance, we anticipate 2018 revenues to grow about 16% year-over-year," which "will also drive strong improvements in operating margin and net earnings".
Copyright (c) 2018 CercleFinance.com. All rights reserved.
7% (y-o-y) at 369 million dollars, or 41 cents per share, with an operating margin that is up 270 bp at 15.8%.
The semiconductor manufacturer's net sales came in at 2.52 billion dollars, up 18.1% y-o-y and up 11.2% sequentially, above the middle of its forecast range of 10%.
"Based on our fourth quarter guidance, we anticipate 2018 revenues to grow about 16% year-over-year," which "will also drive strong improvements in operating margin and net earnings".
Copyright (c) 2018 CercleFinance.com. All rights reserved.