STMicroelectronics NV

STMPA: XPAR (FRA)
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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.

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