STM’s Q3 results were roughly in line with estimates, with a marginal disappointment for the bottom line. Nothing exciting at this stage, apart from the better outlook for Q4 which may exert upwards pressure on the consensus. We maintain our positive view on the stock.
22 Oct 2020
Q3 20: nothing exciting in Q3 but better Q4 outlook
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Q3 20: nothing exciting in Q3 but better Q4 outlook
STMicroelectronics NV (STMPA:PAR) | 0 0 0.0%
- Published:
22 Oct 2020 -
Author:
Hugo Paternoster -
Pages:
3
STM’s Q3 results were roughly in line with estimates, with a marginal disappointment for the bottom line. Nothing exciting at this stage, apart from the better outlook for Q4 which may exert upwards pressure on the consensus. We maintain our positive view on the stock.