STMicroelectronics Q4 Results Top Estimates; CFO Carlo Ferro To Step Down
STMicroelectronics NV (STM) reported a fourth-quarter profit that more than doubled from last year. Adjusted earnings per share and quarterly revenues topped analysts' expectations. The company expects first quarter 2018 revenues to decrease about 10% on a sequential basis. Carlo Ferro, Chief Financial Officer, plans to step down from his position at the same time as CEO Carlo Bozotti' retirement.
Source: RTTNews