STMicro: Q3 EPS flat
(CercleFinance.com) - STMicroelectronics has reported flat y-o-y EPS for Q3 2023 at $1.
16, an operating margin that fell 1.4 point to 28%, and a stable gross margin at 47.6%, on net sales that rose 2.5% to $4.43bn.
The Franco-Italian group says that, as expected, sales performance was mainly driven by continued growth in automotive, although this was partially offset by lower sales in personal electronics.
The mid-point of the chipmaker's outlook for FY 2023 sales is around $17.3bn, i.e. 7.3% y-o-y growth, with a gross margin of around 48.1%.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
16, an operating margin that fell 1.4 point to 28%, and a stable gross margin at 47.6%, on net sales that rose 2.5% to $4.43bn.
The Franco-Italian group says that, as expected, sales performance was mainly driven by continued growth in automotive, although this was partially offset by lower sales in personal electronics.
The mid-point of the chipmaker's outlook for FY 2023 sales is around $17.3bn, i.e. 7.3% y-o-y growth, with a gross margin of around 48.1%.
Copyright (c) 2023 CercleFinance.com. All rights reserved.