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STMicroelectronics Won Profit At Q2 Within 14 Years

STMicroelectronics announced earnings at the second quarter of 2014, operating profit turnaround, ending 12 consecutive quarters of losses. Sales of $ 1.864 billion, down 9%, operating profit was $ 98 million, net profit of $ 38 million. Consecutive quarterly loss before net 11. STMicroelectronics CEO, Carlo Bo Zuoti said, "thanks to the good momentum of the macro economy, the automotive sector and other industries and markets." Operating profit "sensors, power devices and automotive products," business was $ 126 million, was three times over the same period last year. "Embedded Processing" segment, GM MCU 5 consecutive quarters refresh the highest sales record operating profit of the business by the previous year's deficit of more than 100 million U.S. dollars to a profit of $ 14 million. Business in all regions, good EMEA (Europe, Middle East and Africa) region results in sales from the previous quarter (January-March) increased by 8.3%, mainly in sales and automotive industries growth. Results for the third quarter of 2014 is forecast to sales growth of about 3% (about 1.92 billion U.S. dollars), gross margin of about 34.4%. In addition, sales in the third quarter of 2013 was $ 2.013 billion, gross margin was 32.4%.

    
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