STMicroelectronics NV
STMPA: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| XT | LOCK|#DVH# | LOCK|VQKHM#F |
STMicro Earnings: Seeing a Cyclical Recovery but With Some Blemishes; Maintain $32 Valuation
STMicroelectronics reported second-quarter revenue of $2.77 billion, ahead of guidance and up 10% sequentially but still down 14% year over year. Third-quarter revenue guidance of $3.17 billion would be up 15% sequentially, down only 2.5% year over year, and ahead of FactSet consensus estimates.
