STMicroelectronics N.V. (NYSE:STM) is expected to report third quarter earnings results, before market open, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.28 per share.
Looking ahead, the full year income are expected at $ 0.92 per share on the revenues of $ 9695.24 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 2,670.00 million ~ $ 2,670.00 million
Full Year 2020 topline are forecasted in a range of$ 9,650.00 million ~ $ 9,650.00 million
Click Here For More Historical Outlooks Of STMicroelectronics N.V.
Previous Quarter Performance
STMicroelectronics N.V. unfold income for the second quarter of $ 0.10 per share, from the revenue of $ 2,087.00 million. The quarterly earnings dropped 44.44 percent compared with the same quarter last year. According to street consensus, STM was expected to report 2Q20 income of $ 0.08 per share from revenue of $ 2004.38 million. The bottom line results beat street analysts by $ 0.02 or 25.00 percent, at the same time, top line results outshined analysts by $ 82.62 million or 4.12 percent.
Stock Performance
Shares of STMicroelectronics N.V. traded low $ -0.22 or -0.64 percent on Wednesday, reaching $ 34.29 with volume of 3.59 million shares. The stock opened down for the day at $ 34.37, after closing the previous day trading at $ 34.51.
According to the previous trading day, closing price of $ 34.51, representing a 135.24 % increase from the 52 week low of $ 14.67 and a 2.35 % decrease over the 52 week high of $ 35.34.
The company has a market capital of $ 30.37 billion and is part of the Technology sector and Semiconductors industry.
Conference Call
STMicroelectronics N.V. will be hosting a conference call at 3:30 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.st.com
STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.
