Electronica Stmicroelectronics: Quarter and Margin

electronica stmicroelectronics: ST reported first quarter net revenues of 2.08 billion, gross margin of 39.4%, operating margin of 10.2%, and net income of 178 million or 0.20 diluted earnings per share, according to The Independent. In the first quarter of 2019, revenues and gross margin performed as anticipated, amid softened market dynamics. Related to Highlight Smart Industry, Smart Driving at Electronica 2018STMicroelectronics Adds 6-Axis Inertial Module to Ultra-Low-Power MEMS Launches Tiny MEMS Pressure SensorSTMicroelectronics Spotlights Advanced Technology at CES 2019STMicroelectronics Displays Solutions for Smart Driving at Automotive World 2019 ; reported US GAAP financial results for the first quarter ended March 30, 2019. We maintained a solid level of profitability, with operating margin above 10% and net income of 178 million, Jean-Marc Chery, STMicroelectronics president and CEO, said. Our second quarter outlook, at the mid-point, is for net revenues to increase about 2.4%; gross margin is expected to be about 38.5%, he added. Looking at the second quarter, we plan to return to sequential revenue growth. (news.financializer.com). As reported in the news.