STMicroelectronics Result 30/10/2014

STMicroelectronics swung to a net profit in the third quarter of the year of $72 million from a net loss a year earlier of $142 million. Turnover for Q3 of this year was $1.8 billion, compared with turnover of $2 billion in Q3 of last year. For the first nine months of this year, STMicro’s net profit was $85 million on turnover of $5.5 billion, which compares with a net loss for the same period of last year of $464 million on turnover of $6 billion.