STMicroelectronics N.V. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported net sales of USD 2,633 million against USD 2,457 million a year ago. Net revenues of USD 2,648 million against USD 2,466 million a year ago. Operating income was USD 443 million against USD 411 million a year ago. Net income was USD 419 million against USD 310 million a year ago. Basic earnings per share attributable to parent company stockholders was USD 0.46 against USD 0.35 a year ago. Diluted earnings per share attributable to parent company stockholders was USD 0.46 against USD 0.34 a year ago.

For the full year, the company reported net sales of USD 9,612 million against USD 8,308 million a year ago. Net revenues of USD 9,664 million against USD 8,347 million a year ago. Operating income was USD 1,400 million against USD 1,005 million a year ago. Net income was USD 1,293 million against USD 810 million a year ago. Basic earnings per share attributable to parent company stockholders was USD 1.43 against USD 0.91 a year ago. Diluted earnings per share attributable to parent company stockholders was USD 1.41 against USD 0.89 a year ago.

For the first quarter of 2019, the company expects net revenues to decrease about 20.7% sequentially (down 5.7% year-over-year), plus or minus 350 basis points.