ENXTPA:STMPASemiconductor
STMicroelectronics (ENXTPA:STMPA): Valuation Insights After Q3 Beat and Sales Outlook Cut
Interest around STMicroelectronics (ENXTPA:STMPA) jumped this week as the company released its third-quarter earnings. While STMicroelectronics beat analyst estimates for Q3, shares dropped sharply after it lowered its sales outlook for the full year.
See our latest analysis for STMicroelectronics.
STMicroelectronics’ share price has taken a real hit, down over 13% last week, despite beating Q3 estimates and announcing new products and board changes. That sharp drop reflects fading momentum...