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Preliminary Q420 net revenues of $3.24 billion, above the outlook range.
January 8, 2021
By: Anthony Locicero
Copy editor, New York Post
STMicroelectronics announced that its preliminary and unaudited net revenues for the fourth quarter ended Dec. 31, 2020, are above the business outlook range provided in the company’s news release dated Oct. 22, 2020. Preliminary Q420 net revenues are $3.24 billion, up 21.3% sequentially and 580 basis points above the high end of the range. The prior outlook was for Q420 net revenues to be $2.99 billion, an increase of 12% sequentially, plus or minus 350 basis points. “We ended Q420 ...
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