Fears over China coronavirus wallop European shares
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- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
STMicroelectronics N.V. (STM) Tops Q4 EPS by 6c, Revenues Beat; Offers Q1 Revenue Guidance Above Consensus
January 23, 2020 6:13 AM ESTSTMicroelectronics N.V. (NYSE: STM) reported Q4 EPS of $0.43, $0.06 better than the analyst estimate of $0.37. Revenue for the quarter came in at $2.75 billion versus the consensus estimate of $2.68 billion.
Q4 net revenues $2.75 billion; gross margin 39.3%; operating margin 16.7%; net income $392 millionFY net revenues $9.56 billion; gross margin 38.7%; operating margin 12.6%; net income $1,032 millionBusiness outlook at mid-point: Q1 net revenues of $2.36 billion and gross margin of 38.0%Jean-Marc Chery, STMicroelectronics President & CEO,... More
