We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : STMicroelectronics
STM 24.85+3.6%May 29 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFileNext 10PreviousNext  
From: zax4/21/2019 12:31:09 AM
   of 5
Mod disclosure: As of 4/11/19, I'm in at $17.75

STMicroelectronics N.V. STM is slated to report first-quarter 2019 results on Apr 24.

Notably, the company topped the Zacks Consensus Estimate in three of the trailing four quarters but missed the same once, delivering average positive surprise of 3.93%.

In the last reported quarter, STMicroelectronics reported non-GAAP earnings of 46 cents per share, which increased 35.3% year over year and 12.2% sequentially.

Net revenues also increased 7.4% year over year to $2.65 billion. The top-line growth was driven by robust performance in Imaging, Power Discrete and Automotive products.

For the first quarter, the company expects net revenues to decrease approximately 20.7% sequentially or 5.7% year over year (+/- 350 basis points).

Shares of STMicroelectronics have lost 21% in the past year compared with its industry’s 3.1% decline.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFileNext 10PreviousNext