STMicroelectronics NV ADR

STM: XNYS (USA)
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STMicro Earnings: Strong Medium-Term AI Demand Offsets Modest Near-Term Weakness

STMicroelectronics reported second-quarter revenue of $3.49 billion, up 26% year over year and above the midpoint of guidance. ST forecasts third-quarter revenue of $3.70 billion, which would be up 16% year over year but below FactSet consensus estimates of $3.79 billion.

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