STMicroelectronics reports Q3 EPS 37c, consensus 33c

Reports Q3 revenue $3.25B, consensus $3.25B. The company said, “Q3 net revenues were in line with the midpoint of our business outlook range. Our revenues, compared to our expectations, were higher in Personal Electronics, declined less in Industrial and were lower in Automotive. Q3 gross margin of 37.8% was broadly in line with the mid-point of our business outlook range.”