STMicroelectronics Announces Timing for Q3 Earnings Release

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  • The press release will be available immediately after the release on the Company’s website
  • The company will conduct a conference call with analysts, investors and reporters to discuss its third quarter 2019 financial results
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STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, has announced that it will release third-quarter 2019 earnings before the opening of trading on the European Stock Exchange on Thursday, October 24, 2019.

The press release will be available immediately after the release on the Company’s website.

The company will conduct a conference call with analysts, investors and reporters to discuss its third quarter 2019 financial results and current business outlook on October 24, 2019 at 9:30 a.m. Central European Time (CET) / 3:30 a.m. U.S. Eastern Time (ET).

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A live webcast (listen-only mode) of the conference call will be accessible at ST’s website and will be available for replay until November 8, 2019.

What to expect?

“Looking at the third quarter, we expect strong sequential revenue growth of about 15.3 per cent at the mid-point. This growth will be driven by engaging customer programs and new products in a softer than expected legacy automotive and industrial market. Gross margin is expected to be about 37.5 per cent at the mid-point, including about 140 basis points of unsaturation charges,” said Jean-Marc Chery, president and CEO of STMicroelectronics.

For the full year 2019, STMicro expects net revenues to be in the range of about $9.35 to $9.65 billion

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