STMicroelectronics Lifts Fourth Quarter Sales

Reuters2023-01-26

LONDON, Jan 26 (Reuters) - European chipmaker STMicroelectronics on Thursday reported fourth-quarter sales ahead of market expectations, despite challenging economic conditions, benefiting from strong customer demand.

The firm's net revenue rose to $4.42 billon compared to $4.32 billion the previous quarter. Analysts had on average expected sales of $4.32 billion, according to IBES data from Refinitiv.

STMicro, whose biggest clients include iPhone maker Apple and electric carmaker Tesla, hit its own revenue target for the year, reaching $16.1 billion.

The firm made fourth-quarter diluted earnings per share of $1.32, beating analysts' average estimate of $1.09, according to IBES data from Refinitiv.

Rival Texas Instruments forecast first quarter revenue and profit below Wall Street targets on Wednesday.

ST Micro said on Thursday, due to strong demand and increased manufacturing capacity, it expects full year revenues to be in the range of $16.8 billion to $17.8 billion. The company has previously targeted full-year revenues of $20 billion by 2027.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

16

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2306452637?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-01-26 15:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2306452637","market":"us","top_or_hot":-1,"title":"STMicroelectronics Lifts Fourth Quarter Sales","media":"Reuters","content":"<html><head></head><body><p>LONDON, Jan 26 (Reuters) - European chipmaker STMicroelectronics on Thursday reported fourth-quarter sales ahead of market expectations, despite challenging economic conditions, benefiting from strong customer demand.</p><p>The firm&#39;s net revenue rose to $4.42 billon compared to $4.32 billion the previous quarter. Analysts had on average expected sales of $4.32 billion, according to IBES data from Refinitiv.</p><p>STMicro, whose biggest clients include iPhone maker Apple and electric carmaker Tesla, hit its own revenue target for the year, reaching $16.1 billion.</p><p>The firm made fourth-quarter diluted earnings per share of $1.32, beating analysts&#39; average estimate of $1.09, according to IBES data from Refinitiv.</p><p>Rival Texas Instruments forecast first quarter revenue and profit below Wall Street targets on Wednesday.</p><p>ST Micro said on Thursday, due to strong demand and increased manufacturing capacity, it expects full year revenues to be in the range of $16.8 billion to $17.8 billion. The company has previously targeted full-year revenues of $20 billion by 2027.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>STMicroelectronics Lifts Fourth Quarter Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSTMicroelectronics Lifts Fourth Quarter Sales\n</h2>\n\n<h4 class=\"meta\">\n\n2023-01-26 15:16 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON, Jan 26 (Reuters) - European chipmaker STMicroelectronics on Thursday reported fourth-quarter sales ahead of market expectations, despite challenging economic conditions, benefiting from strong...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STM","symbol_name":"意法半导体","start_time":0,"source_url":"","article_id":"2306452637","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2306452637","pubTimestamp":1674717376,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"LONDON, Jan 26 (Reuters) - European chipmaker STMicroelectronics on Thursday reported fourth-quarter","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"STM":"意法半导体"},"translate_title":"意法半导体提升第四季度销售额","themeId":"768868217a8a42b8834d60b34fc824ad","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STM":1},"content_text":"LONDON, Jan 26 (Reuters) - European chipmaker STMicroelectronics on Thursday reported fourth-quarter sales ahead of market expectations, despite challenging economic conditions, benefiting from strong customer demand.The firm's net revenue rose to $4.42 billon compared to $4.32 billion the previous quarter. Analysts had on average expected sales of $4.32 billion, according to IBES data from Refinitiv.STMicro, whose biggest clients include iPhone maker Apple and electric carmaker Tesla, hit its own revenue target for the year, reaching $16.1 billion.The firm made fourth-quarter diluted earnings per share of $1.32, beating analysts' average estimate of $1.09, according to IBES data from Refinitiv.Rival Texas Instruments forecast first quarter revenue and profit below Wall Street targets on Wednesday.ST Micro said on Thursday, due to strong demand and increased manufacturing capacity, it expects full year revenues to be in the range of $16.8 billion to $17.8 billion. The company has previously targeted full-year revenues of $20 billion by 2027.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":16,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2306452637"}