(CercleFinance.com) – STMicroelectronics publishes net income for the fourth quarter of 2021 up 28.9% year-on-year, at $750 million, or $0.82 per share, as well as an operating margin improved by 4.6 points to 24.9%.
The semiconductor manufacturer recorded net sales up 9.9% to $3.56 billion, with higher net sales in all product groups except the imaging subgroup, and a gross margin up 6.4 points to 45.2%.
For the first quarter of 2022, at the midpoint, the Franco-Italian is targeting net sales of $3.50 billion, up 16.1% year-on-year (-1.6% sequentially) and a gross margin that should come out at around 45%.
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