STMicro to Exit STB Market

STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported financial results for the fourth quarter and full year ended December 31, 2015. Fourth quarter net revenues totaled $1.67 billion, gross margin was 33.5%, and net income was $2 million. For the full year 2015, net revenues totaled $6.90…

Amphenol Q2 Profit Up, Currency Pressures Rise

Amphenol Corp. improved earnings and sales in the second quarter despite currency exchange pressures that lopped off several percentage points in the company’s financial performance as the U.S. dollar continued to strengthen against other international currencies. The connector manufacturer reported net profit rose to $179 million, or 56 cents per share, in the quarter ended…

Diversification Yields Positive Results for Sanmina

Sanmina Corp. is the new investors’ darling of the contract manufacturing industry. Its stock price has surged at a double-digit clip in recent days despite tepid sales growth and amidst continuing signs visibility into end-markets remain limited. What accounts for this disparity? Sanmina isn’t exactly the same company it was only a few years ago.…

Arrow Defies Currency Headwind

Arrow Electronics Inc. faced a good news/bad news conundrum in the latest quarter. European sales soared but with the euro slumping against the dollar, the distributor found itself reporting negative growth for the region. Strip out currency fluctuations, though, and Arrow executives could easily have boasted that they exceeded sales expectations. The dollar’s climb against…

Arrow Q3 Profit Rise 17% on Higher Sales

Arrow Electronics, Inc. (NYSE:ARW) today reported third-quarter 2014 net income of $146.9 million, or $1.47 per share on a diluted basis, compared with net income of $96.8 million, or $.95 per share on a diluted basis in the third quarter of 2013. Excluding certain items1 in the third quarters of both 2014 and 2013, net income would have been $140.2 million, or $1.40 per share on…