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STMicroelectronics lifts FY guidance after higher Q2

Thursday 29 July 2021 | 08:53 CET | News
STMicroelectronics lifted its guidance for the full year after reporting an improved net profit on both an annual and sequential basis and revenues jumping over 43 percent year-on-year. The net profit for the quarter reached USD 412 million, a leap from the year before's 90 million but up also a quarterly basis. Revenues reached USD 2.99 billion, an increase of 43.4 percent from the year earlier and off 0.8 percent from the previous quarter. Looking ahead, the company expects higher revenues for the third quarter on both a sequential and annual basis.

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Categories: General
Companies: STMicroelectronics
Countries: World
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