Gemalto released a trading update that came in below the market’s expectations. Q3 revenues were down 3% to €727m (vs expectations of €744m). Revenue by division, Identity, IoT & Cybersecurity was down 1% to €345m, while Smartcards & Issuance was down 5% to €382m. The company maintained its FY18 guidance. The settlement of the merger with Thales is expected in the first quarter of 2019. So far, seven out the 14 regulatory and anti-trust required approvals hav
