STMicroelectronics Q4 Earnings Call Highlights

On a reported basis, ST posted a net loss of $30 million in Q4, compared with net income of $341 million in the year-ago quarter. Grandi said the quarter included $141 million of impairment, restructuring and other related phase-out costs, as well as $163 million of one-time non-cash income tax expenses.Gross margin was 35.2% , also above the midpoint of guidance, with management attributing the result mainly to a better product mix. Excluding impairment, restructuring and other related phase-out costs, ST ...