STMicroelectronics Reports 2017 First Quarter Financial Results

On April 27, 2017, the management of STMicroelectronics will conduct a live webcast of its conference call to discuss the Company's operating performance for the first quarter of 2017.

The conference call will be held at 9:30 a.m. CET / 8:30 a.m. BST / 3:30 a.m. U.S. Eastern Time (ET) / 12:30 a.m. U.S. Pacific Time (PT). The live webcast and presentation materials will be available by accessing investors.st.com Those accessing the webcast should go to the Web site at least 15 minutes prior to the call, in order to register, download and install any necessary audio software. The webcast will be available until May 12, 2017.

About STMicroelectronics
ST is a global semiconductor leader delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. ST's products are found everywhere today, and together with our customers, we are enabling smarter driving and smarter factories, cities and homes, along with the next generation of mobile and Internet of Things devices. By getting more from technology to get more from life, ST stands for life.augmented.

In 2016, the Company's net revenues were $6.97 billion, serving more than 100,000 customers worldwide. Further information can be found at www.st.com.

For further information, please contact:

INVESTOR RELATIONS:
Tait Sorensen                                       
Group VP, Investor Relations
STMicroelectronics
Tel: +1 602 485 2064
tait.sorensen@st.com

MEDIA RELATIONS:
Nelly Dimey                                         
Director, Corporate Media and Public Relations
Tel: + 33 1 58 07 77 85
nelly.dimey@st.com



STMicroelectronics N.V.    
Consolidated Statements of Income    
(in millions of U.S. dollars, except per share data ($))    
     
  Three Months Ended
  (Unaudited) (Unaudited)
  April 01, April 02,
  2017 2016
     
Net sales   1,818   1,605
Other revenues   3   8
  NET REVENUES   1,821   1,613
Cost of sales   (1,136)   (1,075)
  GROSS PROFIT   685   538
Selling, general and administrative   (234)   (229)
Research and development   (334)   (342)
Other income and expenses, net   17   28
Impairment, restructuring charges and other related closure costs   (5)   (28)
  Total Operating Expenses   (556)   (571)
  OPERATING INCOME (LOSS)   129   (33)
Interest expense, net   (4)   (5)
Income (loss) on equity-method investments   -   -
INCOME (LOSS) BEFORE INCOME TAXES   125   (38)
  AND NONCONTROLLING INTEREST    
Income tax expense   (16)   (2)
  NET INCOME (LOSS)   109   (40)
Net income attributable to noncontrolling interest   (1)   (1)
  NET INCOME (LOSS) ATTRIBUTABLE TO PARENT COMPANY   108   (41)
     
  EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS   0.12   (0.05)
  EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS   0.12   (0.05)
     
  NUMBER OF WEIGHTED AVERAGE    
  SHARES USED IN CALCULATING    
  DILUTED EARNINGS PER SHARE 901.9 878.6

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