STM’s Q3 publication was reassuring, in line or slightly above expectations for the Q3 numbers, while STM was a bit more bullish for Q4. As a result, AMS has been the main growth contributor while Automotive’s recovery turned to be weaker. However, the company managed to protect is profitability well and guided to above consensus for Q4 19.
24 Oct 2019
Q3: shining in consumer while protecting its profitability well
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Q3: shining in consumer while protecting its profitability well
STMicroelectronics NV (STMI:WBO) | 0 0 0.8%
- Published:
24 Oct 2019 -
Author:
Hugo Paternoster -
Pages:
3
STM’s Q3 publication was reassuring, in line or slightly above expectations for the Q3 numbers, while STM was a bit more bullish for Q4. As a result, AMS has been the main growth contributor while Automotive’s recovery turned to be weaker. However, the company managed to protect is profitability well and guided to above consensus for Q4 19.