Market Overview

Recap: STMicroelectronics Q2 Earnings

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Shares of STMicroelectronics (NYSE:STM) rose 3.2% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 44.44% year over year to $0.10, which beat the estimate of $0.08.

Revenue of $2,087,000,000 declined by 3.96% from the same period last year, which beat the estimate of $2,000,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Q3 revenue expected between $2,100,000,000 and $2,800,000,000.

How To Listen To The Conference Call

Date: Jul 23, 2020

Time: 03:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/stm/mediaframe/39283/indexl.html

Recent Stock Performance

52-week high: $31.98

Company's 52-week low was at $14.67

Price action over last quarter: Up 33.84%

Company Overview

A merger between Italian firm SGS Microelettronica and the nonmilitary business of Thomson Semiconductors in France formed STMicroelectronics in 1987. STMicro is a leader in a variety of semiconductor products, including analog chips, discrete power semiconductors, microcontrollers, and sensors. STMicro is an especially prominent chip supplier into the industrial and automotive industries.

 

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Posted-In: Earnings News