/biz/ - Business & Finance

Anonymous Thu Jan 28 07:11:38 2021 No.26805289 [View]
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>>26805155
STMicroelectronics (NYSE:STM): Q4 GAAP EPS of $0.63 beats by $0.07.

Revenue of $3.24B (+17.8% Y/Y) beats by $20M.
Gross margin 38.8%; Operating margin 20.3%.

Business outlook at mid-point: Q1 net revenues of $2.93B and gross margin of 38.5%.

“For 2021, we plan to invest about $1.8 billion to $2.0 billion in CAPEX to support the strong market demand and our strategic initiatives,” commented Jean-Marc Chery, President & CEO.

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