STMicroelectronics N.V. STM is set to release its quarterly earnings results after the closing bell on Monday. Wall Street analysts have consensus EPS estimates of $0.22. The high target is set at $0.24 with a low estimate of $0.18. This compares to the $0.18 per share the company reported in the year ago period.
Revenues are expected to rise 1.50% to $2.57 billion versus the $2.53 billion the company reported in last year's corresponding quarter. The high revenue estimate is $2.59 billion with a low estimate of $2.55 billion.
Analysts' have lowered their consensus EPS estimates moderately over the last 3 months, from $0.23 to $0.22. During this time period, STM shares have fallen 24%. Ahead of today's report, the stock is down another 1.29%.
STMicroelectronics N.V. is an independent semiconductor company that designs, develops, manufactures and markets a range of semiconductor products used in a variety of microelectronic applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems.
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