RTTNews | Jan 8, 2021 01:10AM EST

01:10 Friday, January 8, 2021 (RTTNews.com) - STMicroelectronics (STM) said its preliminary fourth quarter net revenues are above the business outlook range provided on October 22, 2020. Preliminary fourth quarter 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 net revenues to be $2.99 billion, an increase of 12.0% sequentially, plus or minus 350 basis points.

Fiscal 2020 revenues were $10.22 billion, up 6.9% from prior year. The company will release its earnings on January 28, 2021.

Read the original article on RTTNews ( https://www.rttnews.com/3158702/stmicroelectronics-preliminary-q4-net-revenues-above-its-outlook-range-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved