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Wednesday, Jan 30
More on STMicroelectronics (STM): Q4 results come in mixed, beating on total revenue but coming...
More on STMicroelectronics (STM): Q4 results come in mixed, beating on total revenue but coming up short on a per share basis. Net losses widened due to a heavy write-down and other expenses tied to its plans to exit its four-year-old wireless-chip joint venture with ST-Ericsson, and narrower gross margins. Revenue from its analog business jumped 16%, while automotive revenue fell 3.9%. For Q1, the company expects revenue to decrease 7% sequentially, indicating around $2.01B, which is short of the Street's $2.05B consensus estimate.