STMicro: FY earnings up 60%
(CercleFinance.com) - STMicroelectronics has published 2018 net profit that is up 60.
4% at 1..29 billion dollar, with operating profit that is up 39.3% at 1.40 billion dollars, meaning an operating margin that is up 250 basis points at 14.5%.
The semiconductor manufacturer's net sales rose 15.8% to 9.66 billion dollars, boosted by Imaging, automobile and discrete power components. Its gross margin improved 80 basis points to 40%.
For 2019, the Franco-Italian group's main targets "For 2019 our key objectives are to continue outperforming our served market, to balance our end market and application focus and to execute on our strategic technology, R&D and manufacturing programs."
Copyright (c) 2019 CercleFinance.com. All rights reserved.
4% at 1..29 billion dollar, with operating profit that is up 39.3% at 1.40 billion dollars, meaning an operating margin that is up 250 basis points at 14.5%.
The semiconductor manufacturer's net sales rose 15.8% to 9.66 billion dollars, boosted by Imaging, automobile and discrete power components. Its gross margin improved 80 basis points to 40%.
For 2019, the Franco-Italian group's main targets "For 2019 our key objectives are to continue outperforming our served market, to balance our end market and application focus and to execute on our strategic technology, R&D and manufacturing programs."
Copyright (c) 2019 CercleFinance.com. All rights reserved.