STMicroelectronics (STM): Q4 2019 Earnings Snapshot

—  STMicroelectronics (NYSE: STM) reported fourth-quarter earnings of 0.43 per share vs. $0.37 per share expected.

— Net revenue rose 4% to $2.75 billion,  vs. $2.68 billion expected, despite weakness in automotive sales.

— Q4 gross margin of 39.3%; operating margin of 16.7%.

— For Q1 2020, the company expects net revenues of about $2.36 billion, a decrease of 14.3% sequentially. Gross margin is projected to be 38%, plus or minus 200 basis points.

—  In 2020, the company plans to invest about $1.5 billion in CAPEX to support strategic initiatives and revenue growth.

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