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STMicroelectronics reports Q4 EPS 11c, consensus 14c

Reports Q4 revenue $3.33B, consensus $2.93B. Jean-Marc Chery, ST president and CEO, commented: “Q4 net revenues came above the mid-point of our business outlook range, driven by higher revenues in Personal Electronics and, to a lesser extent, in CECP and Industrial, while Automotive was below expectations. Gross margin was above the mid-point of our business outlook range mainly due to better product mix. Q4 revenues marked the return to year-over-year growth.”

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