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Technology Stocks : STMicroelectronics
STM 24.19+1.7%12:28 PM EST

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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.

finance.yahoo.com
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