Page 41 - Stmicroelectronics News Today

STMicroelectronics (NYSE:STM – Get Free Report) released its quarterly earnings data on Thursday. The semiconductor producer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19, MarketWatch Earnings reports. STMicroelectronics had a return on equity of 28.75% and a net margin of 24.36%. The firm had revenue of […]

StockNews.com upgraded shares of STMicroelectronics (NYSE:STM – Free Report) from a buy rating to a strong-buy rating in a research report released on Tuesday. Other research analysts also recently issued reports about the stock. Morgan Stanley raised shares of STMicroelectronics from an equal weight rating to an overweight rating in a research report on Wednesday, […]

StockNews.com upgraded shares of STMicroelectronics (NYSE:STM – Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday morning. A number of other brokerages also recently issued reports on STM. Susquehanna reduced their price objective on STMicroelectronics from $65.00 to $55.00 and set a positive rating for […]

Despite sanctions and export controls put in place to prevent Russian President Vladimir Putin from obtaining technology from the West that would help advance the war in...

New Delhi, Jan 27 (IANS) The global semiconductor industry’s revenue declined 8.8 per cent in 2023 due to a slowdown in enterprise and consumer spending.

The global semiconductor industry's revenue declined 8.8 per cent in 2023 due to a slowdown in enterprise and consumer spending.The overall 2023 semiconductor revenue rankings saw some big changes from 2022, like Intel reclaiming the top spot ...

EU mid-market update: Earnings from mega-caps like LVMH and Intel remain in focus; ECB speak sees rate cuts weighted towards back half; FOMC and BOE decisions next week.

The CAC-40 surged more than 1.5 percent amidst strong gains in the luxury sector triggered by upbeat results declared by luxury brand LVMH. A larger-than-expected jump in the consumer confidence indicator also boosted sentiment.

The bottom line on earnings so far: tech is leading, but the short-term trend in other sectors is lower. 

Sentiment in the chip sector remains subdued in the wake of Intel s results. The US semiconductor giant disappointed with its outlook for the current quarter and this also affected demand for chip...