STMicroelectronics Q3 net income more than triples y/y on strong growth in sales
Expects full-year sales to grow 18% y/y
STMicroelectronics’ net income more than tripled to USD236 million in the third quarter ended 30 September 2017, compared with USD71 million a year ago, the Switzerland-based company said in a press release. The company also recorded more than twofold year-on-year (y/y) growth in operating income to USD278 million. STMicroelectronics recorded strong growth earnings in the third quarter, driven primarily by 18.9% y/y increase in net sales to USD2.13 billion.
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