Stifel Upgrades STMicroelectronics (STM) to Buy

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STMicroelectronics N.V. (STM) Misses Q3 EPS by 4c

October 27, 2016 8:47 AM EDT

STMicroelectronics N.V. (NYSE: STM) reported Q3 EPS of $0.08, $0.04 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.8 billion.

"In the third quarter revenues increased 5.5% sequentially and 1.9% year-over year. Revenue growth also brought... More