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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  STMicroelectronics N.V.    STM   NL0000226223

STMICROELECTRONICS N.V.

(STM)
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STMicroelectronics N : 3Q Profit Fell; Revenue Rose on Improved Conditions

10/22/2020 | 01:44am EST

By Giulia Petroni

STMicroelectronics NV said Thursday that net profit fell in the third quarter while revenue rose due to improved market conditions.

The European chip maker said profit came in at $242 million in the period compared with $302 million the year before, with operating profit falling to $329 million.

Operating margin fell to 12.3%, while gross margin was 36%.

Revenue in the quarter increased 4.4% on year to $2.67 billion.

"Demand for automotive products, our engaged customer programs in personal electronics, as well as microcontrollers, were the main factors that contributed to this result," said Chief Executive Jean-Marc Chery.

Looking at the fourth quarter, STMicroelectronics said it expects revenue at $2.99 billion, plus or minus 350 basis points. Gross margin is expected to be about 38.5%, plus or minus 200 basis points.

For the full year, the company said revenue are expected at the mid-point to be around $9.97 billion, or 4.3% up on year, with a double-digit operating margin.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

10-22-20 0143ET

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Financials (USD)
Sales 2020 9 939 M - -
Net income 2020 972 M - -
Net cash 2020 945 M - -
P/E ratio 2020 36,8x
Yield 2020 0,52%
Capitalization 35 229 M 35 209 M -
EV / Sales 2020 3,45x
EV / Sales 2021 3,04x
Nbr of Employees 45 554
Free-Float 70,4%
Chart STMICROELECTRONICS N.V.
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STMicroelectronics N.V. Technical Analysis Chart | STM | NL0000226223 | MarketScreener
Technical analysis trends STMICROELECTRONICS N.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 38,91 $
Last Close Price 39,73 $
Spread / Highest target 19,9%
Spread / Average Target -2,07%
Spread / Lowest Target -70,3%
EPS Revisions
Managers
NameTitle
Jean-Marc Chery President & Chief Executive Officer
Maurizio Tamagnini Chairman-Supervisory Board
Lorenzo Grandi Chief Financial Officer & President-Finance
Orio Bellezza President-Technology, Manufacturing & Quality
Jean-Georges Malcor Member-Supervisory Board