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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ST Microelectronics | BIT:STM | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Apr 2019 to Apr 2024
By Mauro Orru
STMicroelectronics NV (STM.FR) said Thursday that net profit for the fourth quarter fell year-on-year, while revenue rose amid higher sales.
The European semiconductor chip maker said net profit fell 6.2% year-on-year to $392 million, with revenue increasing 4% to $2.75 billion.
Gross margin fell to 39.3% from 40% a year earlier, the company said, adding that it plans to invest roughly $1.5 billion in capex for 2020.
"Our 2019 financial performance, with net revenues of $9.56 billion and an operating margin of 12.6%, is aligned with the full-year expectations we provided in April 2019," said Jean-Marc Chery, STMicroelectronics president and chief executive.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
January 23, 2020 01:33 ET (06:33 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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