STMicroelectronics N.V. : Q2 2020 preview: H2 forecasts will be key
>Q2 results: we are below the consensus, but due to opex - STMicroelectronics is due to report its Q2 2020 results on 23 July 2020 (before the market), with a conference call at 9.30 a.m. (Paris time). We forecast sales of $Â 2,004m, -10.2% q-o-q, in line with the consensus compiled by the company at $Â 2,002m and with the guidance for -10.3%, +/- 350bp. We expect sales at the ADG (including automotive representing two-thirds) business to be down by 15% q-o-q, at AMS (...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.
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