April 25, 2018 / 5:13 AM / 7 months ago

BRIEF-STMicro Q1 Net Income $239 Million

April 25 (Reuters) - Stmicroelectronics Nv:

* Q1 NET INCOME WAS $239 MILLION, EQUIVALENT TO $0.26 DILUTED EARNINGS PER SHARE

* EXPECTS Q2 2018 REVENUES TO INCREASE ABOUT 1.5% ON A SEQUENTIAL BASIS, PLUS OR MINUS 3.5 PERCENTAGE POINTS

* EXPECTS Q2 GROSS MARGIN IN Q2 IS EXPECTED TO BE ABOUT 40.0% PLUS OR MINUS 2.0 PERCENTAGE POINTS

* EXPERIENCING WEAK DEMAND FOR SMARTPHONES IN FIRST HALF OF 2018

* Q1 NET REVENUES OF $2.23 BILLION, UP 22.2% YEAR-OVER-YEAR

* Q1 GROSS AND OPERATING MARGINS UP SIGNIFICANTLY YEAR-OVER-YEAR TO 39.9% AND 12.1%, RESPECTIVELY

* Q1 U.S. GAAP NET REVENUE USD 2.22 BILLION IN REUTERS POLL Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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