Report
Stephane Houri

STMicroelectronics N.V. : Confirmation d’une forte croissance au S2, malgré un petit ajustement sur 2019

>Un message rassurant sur le S2 qui a fait monter le titre, malgré tout - Hier, STM a publié des résultats T1 2019 globalement en ligne avec les attentes et a guidé sur un T2 2019 en croissance séquentielle (+2.4%), mais un peu en dessous des attentes en raison de la marge brute (en baisse de 90 pb). Lire notre réaction initiale Le titre a pourtant progressé sur cette nouvelle, pour 2 raisons, selon nous : 1/ le groupe a pour la 1re fois donné une guidance annue...
Underlying
STMicroelectronics NV

STMicroelectronics is a global independent semiconductor company that designs, develops, manufactures and markets a broad range of semiconductor integrated circuits (“ICs”) and discrete devices. Co. offers a diversified product portfolio and develops products for a wide range of market applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems. Within its diversified portfolio, Co. is focused on developing products that leverage its technological strengths in creating customized, system-level solutions with digital and mixed-signal content.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Houri

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