Rf Products: Margin and Purpose Analog

rf products: As planned, in the second quarter we returned to sequential revenue growth, Jean-Marc Chery, STMicroelectronics president and CEO, said, according to The Independent. In fact, revenues increased 4.7%, above the mid-point of our guidance of 2.4%, driven by specialized imaging sensors, RF products for front end modules, silicon carbide MOSFETs and digital automotive, partially offset by general purpose analog, microcontrollers and legacy automotive products. ST reported second quarter net revenues of 2.17 billion, gross margin of 38.2%, operating margin of 9.0%, and net income of 160 million or 0.18 diluted earnings per share. We delivered an operating margin of 9.0%. During the first half of 2019 we delivered sales and profitability results in line with our quarterly guidance and we continued to advance our strategic investments, added Chery. This growth will be driven by engaged customer programs and new products in a softer than expected legacy automotive and industrial market. Looking at the third quarter, we expect strong sequential revenue growth of about 15.3% at the mid-point. (news.financializer.com). As reported in the news.