STMicroelectronics N.V.
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Publicatie datum
29 okt 2014 - 07:37
Statutaire naam
STMicroelectronics N.V.
Titel
STMicroelectronics Reports 2014 Third Quarter and Nine Month Financial Results
Bericht
• Sequential improvement in net revenues and gross margin: to $1.89 billion and 34.3%, respectively
• $72 million net income in the third quarter
• Positive free cash flow of $140 million in the third quarter*
• Plan for the digital business to achieve $100 million of annualized savings
Geneva, October 29, 2014 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported financial results for the third quarter and nine months ended September 27, 2014.
Third quarter net revenues totaled $1.89 billion, gross margin was 34.3%, operating margin excluding impairment and restructuring was 4.0%, net income was $72 million and positive free cash flow was $140 million.
“We had a solid quarter in terms of performance across a number of metrics and year-over-year improvement: from gross margin to operating margin progression and from net income to cash flow generation. At the same time, the softening of demand towards the end of the quarter, specifically in the mass market and in microcontrollers, slowed our anticipated sequential revenue progress,” said ST President and CEO Carlo Bozotti.
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