TREE NEWS reports: STMicroelectronics reported third-quarter revenue of $3.76 billion, topping the $3.72 billion market estimate. Operating profit came in at $367 million versus a $351.7 million forecast, while net profit of $291 million and earnings per share of $0.31 fell short of estimates of $326.9 million and $0.37. The chipmaker guided fourth-quarter revenue to $4.15 billion, above the $4.11 billion consensus, with a projected gross margin of 39%.
STMicroelectronics Q3 Revenue $3.76B Beats $3.72B Estimate
AI take
The split between a revenue and operating-profit beat and a net-profit and EPS miss points to pressure below the operating line, so the quality of the beat matters more than its size. The fourth-quarter guide above consensus, paired with a projected gross margin of 39%, is the more consequential signal for anyone tracking semiconductor demand into industrial and automotive end markets. Whether margin holds near that guided level while revenue scales is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
2m ago
China’s ChiNext and STAR indexes fall over 4% as more than 4,700 stocks decline
3m ago
Shell Q3 adjusted profit $10.81B beats $10.23B estimate; plans $5B buyback
3m ago
Lloyds Q3 statutory pre-tax profit £2.33B, beats £2.29B estimate
5m ago
Topsports in Talks With Nike on Inventory Buyback, Promo Subsidies After Online Channel Shift
12m ago
Three CSI 300 ETFs See Heavy Late-Session Volume; Huatai-PineBridge Fund Tops 5B Yuan
16m ago
Tianfu Communication hits 20% limit-down in late trading; Eoptolink, Zhongji Innolight slump