On April 27, 2017, the management of STMicroelectronics will conduct a live webcast of its conference call to discuss the Company's operating performance for the first quarter of 2017.
The conference call will be held at 9:30 a.m. CET / 8:30 a.m. BST / 3:30 a.m. U.S. Eastern Time (ET) / 12:30 a.m. U.S. Pacific Time (PT). The live webcast and presentation materials will be available by accessing investors.st.com Those accessing the webcast should go to the Web site at least 15 minutes prior to the call, in order to register, download and install any necessary audio software. The webcast will be available until May 12, 2017.
About STMicroelectronics
ST is a global semiconductor leader delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. ST's products are found everywhere today, and together with our customers, we are enabling smarter driving and smarter factories, cities and homes, along with the next generation of mobile and Internet of Things devices. By getting more from technology to get more from life, ST stands for life.augmented.
In 2016, the Company's net revenues were $6.97 billion, serving more than 100,000 customers worldwide. Further information can be found at www.st.com.
For further information, please contact:
INVESTOR RELATIONS:
Tait Sorensen
Group VP, Investor Relations
STMicroelectronics
Tel: +1 602 485 2064
tait.sorensen@st.com
MEDIA RELATIONS:
Nelly Dimey
Director, Corporate Media and Public Relations
Tel: + 33 1 58 07 77 85
nelly.dimey@st.com
| STMicroelectronics N.V. | ||
| Consolidated Statements of Income | ||
| (in millions of U.S. dollars, except per share data ($)) | ||
| Three Months Ended | ||
| (Unaudited) | (Unaudited) | |
| April 01, | April 02, | |
| 2017 | 2016 | |
| Net sales | 1,818 | 1,605 |
| Other revenues | 3 | 8 |
| NET REVENUES | 1,821 | 1,613 |
| Cost of sales | (1,136) | (1,075) |
| GROSS PROFIT | 685 | 538 |
| Selling, general and administrative | (234) | (229) |
| Research and development | (334) | (342) |
| Other income and expenses, net | 17 | 28 |
| Impairment, restructuring charges and other related closure costs | (5) | (28) |
| Total Operating Expenses | (556) | (571) |
| OPERATING INCOME (LOSS) | 129 | (33) |
| Interest expense, net | (4) | (5) |
| Income (loss) on equity-method investments | - | - |
| INCOME (LOSS) BEFORE INCOME TAXES | 125 | (38) |
| AND NONCONTROLLING INTEREST | ||
| Income tax expense | (16) | (2) |
| NET INCOME (LOSS) | 109 | (40) |
| Net income attributable to noncontrolling interest | (1) | (1) |
| NET INCOME (LOSS) ATTRIBUTABLE TO PARENT COMPANY | 108 | (41) |
| EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.12 | (0.05) |
| EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS | 0.12 | (0.05) |
| NUMBER OF WEIGHTED AVERAGE | ||
| SHARES USED IN CALCULATING | ||
| DILUTED EARNINGS PER SHARE | 901.9 | 878.6 |
