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STM Q3 Results Down, EPS Beats Market; Warns On Q4 Revenues, Sees FY24 Revenues At Low-end Of View – News 7

Summary by Nasdaq
(RTTNews) – Chipmaker STMicroelectronics N.V. (STM) reported Thursday that its third-quarter net income fell 67.8 percent to $351 million from last year’s $1.09 billion. Earnings per share were $0.37, 68.1 percent lower than prior year’s $1.16. Analysts on average expected the company to report earnings of $0.33 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items. Net revenues for the q
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