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STM

STMicroelectronics

$14.10

0.06 (0.43%)

05:29
01/24/19
01/24
05:29
01/24/19
05:29

STMicroelectronics reports Q4 EPS 46c, consensus 44c

Reports Q4 revenue $2.65B, consensus $2.64B. Jean-Marc Chery, STMicroelectronics President & CEO, commented: "ST delivered a solid performance in the fourth quarter, with net revenues and operating income increasing sequentially 5.0% and 11.5%, respectively. Net revenues in 2018 increased by 15.8% year-over-year led by Imaging, Automotive and Power Discrete. 2018 has been an important year for ST. In line with the objectives we had set, we achieved significant revenue growth across our product groups, as well as a strong expansion of profitability and cash flow from operations. Our first quarter outlook is for revenues of about $2.1 billion at the mid-point, decreasing year-over-year by about 5.7%. Sequentially, this represents a decrease of about 20.7%, reflecting the combined impact of increased unfavorable dynamics in some of the end markets we serve, on top of normal first quarter seasonality. From a profitability perspective, we expect a gross margin of about 39% at the mid-point. For 2019 our key objectives are to continue outperforming our served market, to balance our end market and application focus and to execute on our strategic technology, R&D and manufacturing programs. Therefore, we expect to invest between $1.2 to $1.3 billion in CAPEX."

  • 24

    Jan

STM STMicroelectronics
$14.10

0.06 (0.43%)

12/03/18
CHLM
12/03/18
NO CHANGE
CHLM
Auto suppliers should recover after U.S./China trade news, says Craig-Hallum
Craig-Hallum analyst Anthony Stoss expects auto supplier stocks to recover after positive meetings between President Trump and Chinese counterpart over the weekend. The analyst notes that 25% tariffs were pushed out 90 days to get final deal, and argues that automotive suppliers are too cheap and should work higher on the news. Stoss remains a buyer of STMicroelectronics (STM), ON Semiconductor (ON), and Cypress Semiconductor (CY) at current levels.
10/29/18
10/29/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Ford (F) upgraded to Buy from Neutral at Goldman Sachs with analyst David Tamberrino saying he views the stock as a "product and self-help story" along with an "attractive" dividend yield. 2. Helmerich & Payne (HP) upgraded to Market Perform from Underperform at BMO Capital. 3. STMicroelectronics (STM) upgraded to Neutral from Sell at UBS. 4. AB InBev (BUD) upgraded to Outperform from Sector Perform at RBC Capital with analyst James Edwardes Jones saying while the company's Q3 results were "disappointing," he believes that shares were also oversold given that the company's "sales growth looks OK relative to the rest of the consumer staples sector." 5. ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill with analyst Doug Leggate saying ConocoPhillips' has a favorably leveraged oil portfolio mix which is overlooked by the market and benefits from the 2014 change in the Alaska tax regime. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/29/18
UBSW
10/29/18
UPGRADE
UBSW
Neutral
STMicroelectronics upgraded to Neutral from Sell at UBS
UBS upgraded STMicroelectronics to Neutral from Sell.
10/25/18
10/25/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. UPS (UPS) downgraded to Neutral from Buy at BofA/Merrill with analyst Ken Hoexter saying Q3 margins deteriorated more than expected with international falling 140bps year-over-year to 16.6%, the lowest level since 2015, and domestic falling 100bps year-over-year to 9.5%, the worst level since 2009. 2. Illinois Tool Works (ITW) downgraded to Neutral from Buy at Seaport Global with analyst Walk Liptak saying Illinois Tool Works is being negatively impacted by pockets of slowing international end markets and slower international auto production. 3. STMicroelectronics (STM) downgraded to Underperform from Outperform at Baird with analyst Tristan Gerra saying the company's lead times remain significantly elevated versus analog/MCU peers, indicating further downside, and expects a "significant" worsening in Q1 2019 quarter-over-quarter revenue comps. 4. Ambev (ABEV) downgraded to Underperform from Neutral at BofA/Merrill and to Underweight from Neutral at JPMorgan. 5. LabCorp (LH) downgraded to Hold from Buy at Canaccord with analyst Mark Massaro citing accelerating reimbursement pressure from PAMA, expected share and profit losses, some contractual changes in managed care, and a disappointing outcome in the ACLA vs. HHS lawsuit. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

BHGE

Baker Hughes

$26.29

0.01 (0.04%)

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EFX

Equifax

$110.23

-0.28 (-0.25%)

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BILI

Bilibili

$19.48

1.34 (7.39%)

13:00
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Bullish option flow in Bilibili as shares rally 7% ahead of earnings »

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VALE

Vale

$12.45

0.43 (3.58%)

12:57
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Periodicals
Federal prosecutors in Brazil seek arrest of senior Vale exec, Reuters reports »

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KHC

Kraft Heinz

$34.99

-13.2 (-27.39%)

, K

Kellogg

$56.53

-1.8 (-3.09%)

12:57
02/22/19
02/22
12:57
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12:57
Periodicals
Prescience Point sees Kellogg following Kraft Heinz with dividend cut »

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KHC

Kraft Heinz

$34.99

-13.2 (-27.39%)

K

Kellogg

$56.53

-1.8 (-3.09%)

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SNAP

Snap

$9.74

0.35 (3.73%)

12:50
02/22/19
02/22
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Options
Snap calls active as shares see strength »

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  • 03

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UBNK

United Financial

$16.11

0.02 (0.12%)

12:49
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FJ Capital reports 6.47% passive stake in United Financial »

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KPTI

Karyopharm

$7.49

-1.47 (-16.41%)

12:48
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Karyopharm drops 40% after FDA posts Selinexor meeting briefing docs »

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  • 26

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HK

Halcon Resources

$1.67

-0.12 (-6.70%)

12:47
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Fir Tree comments on Halcon CEO departure, renews call for sale of company »

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12:45
02/22/19
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General news
Breaking General news story  »

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KPTI

Karyopharm

$8.97

0.01 (0.11%)

12:43
02/22/19
02/22
12:43
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12:43
Hot Stocks
Breaking Hot Stocks news story on Karyopharm »

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  • 06

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CMCSA

Comcast

$38.53

0.065 (0.17%)

, CMCSK

Comcast

$0.00

(0.00%)

12:43
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On The Fly
Box Office Battle: 'How to Train Your Dragon' sequel flies into theaters »

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CMCSA

Comcast

$38.53

0.065 (0.17%)

CMCSK

Comcast

$0.00

(0.00%)

FOX

21st Century Fox

$50.68

0.22 (0.44%)

FOXA

21st Century Fox

$50.97

0.23 (0.45%)

T

AT&T

$31.02

0.19 (0.62%)

DIS

Disney

$115.18

0.88 (0.77%)

LGF.A

Lionsgate

$15.49

0.15 (0.98%)

LGF.B

Lionsgate

$14.65

0.16 (1.10%)

SNE

Sony

$48.02

0.37 (0.78%)

VIA

Viacom

$34.75

(0.00%)

VIAB

Viacom

$29.44

0.25 (0.86%)

03/08/13
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  • 06

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KPTI

Karyopharm

$9.03

0.07 (0.78%)

12:42
02/22/19
02/22
12:42
02/22/19
12:42
Hot Stocks
Breaking Hot Stocks news story on Karyopharm »

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  • 26

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KPTI

Karyopharm

$9.03

0.07 (0.78%)

12:39
02/22/19
02/22
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Hot Stocks
Breaking Hot Stocks news story on Karyopharm »

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  • 26

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  • 06

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ATVI

Activision Blizzard

$41.62

-0.28 (-0.67%)

, TTWO

Take-Two

$86.50

-1.08 (-1.23%)

12:37
02/22/19
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Periodicals
FTC plans public workshop to go over loot boxes in video games, Verge reports »

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ATVI

Activision Blizzard

$41.62

-0.28 (-0.67%)

TTWO

Take-Two

$86.50

-1.08 (-1.23%)

EA

Electronic Arts

$94.44

-2.39 (-2.47%)

UBSFY

Ubisoft

$0.00

(0.00%)

TCEHY

Tencent

$0.00

(0.00%)

03/08/13
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  • 25

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KPTI

Karyopharm

$9.03

0.07 (0.78%)

12:35
02/22/19
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12:35
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12:35
Hot Stocks
Karyopharm quickly drops 16.5% »

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  • 26

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  • 06

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KPTI

Karyopharm

$9.04

0.08 (0.89%)

12:32
02/22/19
02/22
12:32
02/22/19
12:32
Hot Stocks
Breaking Hot Stocks news story on Karyopharm »

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  • 26

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  • 06

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BIDU

Baidu

$166.90

-4.82 (-2.81%)

12:30
02/22/19
02/22
12:30
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12:30
Options
10.1K Baidu Mar 170 - Sep 165 put spreads trade $7.20 after earnings »

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  • 20

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UBS

UBS

$12.38

0.055 (0.45%)

12:30
02/22/19
02/22
12:30
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12:30
Periodicals
UBS ignored warnings in French tax case for years, Reuters says »

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12:30
02/22/19
02/22
12:30
02/22/19
12:30
General news
FX Action: USD-JPY »

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12:25
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Fed VC Clarida said the Fed should be "open minded" »

Fed VC Clarida said the…

GM

General Motors

$39.67

0.04 (0.10%)

12:23
02/22/19
02/22
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Hot Stocks
GM says over 1,500 employees volunteered to transfer to other U.S. locations »

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  • 27

    Mar

GM

General Motors

$39.66

0.03 (0.08%)

12:21
02/22/19
02/22
12:21
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12:21
Hot Stocks
GM extends production at Detroit/Hamtramck into January 2020 »

GM said it has notified…

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  • 27

    Mar

NWSA

News Corp.

$13.04

0.25 (1.95%)

12:20
02/22/19
02/22
12:20
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12:20
Options
Notable print in News Corp puts »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
02/22/19
02/22
12:17
02/22/19
12:17
Technical Analysis
NASDAQ market internals summary »

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