STMicroelectronics N.V. : Normalisation = results and guidance higher than expected, but several unknowns persist in Q4
>Q2 results clearly higher than expected thanks to MCU and discrete - Q2 sales came to $ 2,087m vs the consensus forecast of $ 1,996m, i.e. -6.5% q-o-q, 380bp better than the company’s guidance (-10.3% +/-350bp). The gross margin came to 35% including 310bp in unsaturation charges vs the consensus forecast of 34.5% and guidance of 34.6% +/-200bp. EBIT came to $ 106m, i.e. an operating margin of 5%, vs the consensus forecast of $ 57.1m and 2.9%. EPS was $ 0.10, higher...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.