STMicroelectronics NV

STMPA: XPAR (FRA)
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STMicro Earnings: Shares Slightly Undervalued as ST Sells Off Amid Near-Term Softness

STMicroelectronics reported third-quarter revenue of $3.19 billion, down 2% year over year but up 15% sequentially and ahead of guidance. The firm’s fourth-quarter outlook of $3.28 billion calls for 3% sequential growth, below normal seasonal patterns and FactSet estimates.

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