— 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.
Most Popular
Earnings calendar for the week of Oct. 26
Bringing fresh optimism to the virus-hit market, U.S jobless claims for the week ended October 17 slipped to the lowest level since the onset of the pandemic, in a sign
Southwest Airlines (LUV) expects business travel to remain down well into next year
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 2% in afternoon hours on Friday. The stock has gained 35% over the past three months. The company reported better-than-expected
Big banks have their eyes on second half of 2021
The biggest stimulus package of all time, which was meant to boost consumption has actually led to more deposits, inflating the size of banks’ balance sheets. A working paper shows