STMicroelectronics’s Q1 net income drops 25.4% y/y to USD178 million

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Financial results

Revenue down 6.7% y/y

STMicroelectronics has reported a 25.4% year-over-year (y/y) decline in net income to USD178 million for the first quarter ended 31 March 2019, the Switzerland-based company said in a press release on 24 April

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