STMicroelectronics NV ADR

STM: XNYS (USA)
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STMicroelectronics Earnings: Solid Results With Ongoing AI Upside; Shares Undervalued

STMicroelectronics reported third-quarter revenue of $3.76 billion, up 18% year over year and ahead of guidance of $3.70 billion. ST expects fourth-quarter revenue of $4.15 billion, which would be up 25% year over year and slightly ahead of FactSet consensus estimates of $4.10 billion.

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