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Franco-Italian chipmaker STMicro reports Q3 revenue up 2.5% to $4.43B, beating $4.38B est., net income down 0.8% YoY to $1B, and predicts demand risi


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2023-10-26 09:46:53
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Benoit Berthelot / Bloomberg:

Franco-Italian chipmaker STMicro reports Q3 revenue up 2.5% to $4.43B, beating $4.38B est., net income down 0.8% YoY to ~$1B, and predicts demand rising in Q1  —  - Net revenue in fourth quarter seen at $4.3 billion, down 3%  — Third quarter sales were buoyed by automotive industry demand



Benoit Berthelot / Bloomberg:

Franco-Italian chipmaker STMicro reports Q3 revenue up 2.5% to $4.43B, beating $4.38B est., net income down 0.8% YoY to ~$1B, and predicts demand rising in Q1  —  - Net revenue in fourth quarter seen at $4.3 billion, down 3%  — Third quarter sales were buoyed by automotive industry demand



Source: TechMeme
Source Link: http://www.techmeme.com/231026/p5#a231026p5


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