The microchip maker showed signs of recovery after a few painfully lean quarters.
News & Analysis: STMicroelectronics
After working through overflowing inventories in its distribution pipeline, the company is back to chasing market share in the industrial computing sector.
STM earnings call for the period ending December 31, 2018.
The semiconductor company reported fourth-quarter results and forecast a strong second half for 2019.
Slow orders from Chinese customers inspired the chipmaker's management to issue modest fourth-quarter guidance.
Cautious management commentary from Texas Instruments and STMicroelectronics triggered a sectorwide panic on Wednesday.
Investors panicked over modest next-quarter revenue guidance, despite the solid third-quarter report this forecast was tied to.
STMicrolectronics stock sold off as the market soured on the outlook for the semiconductor industry.
Qualcomm, STMicroelectronics, and Cypress Semi soared on strong iPhone X sales and signs of solid demand for Apple products going forward.
The chipmaker is chasing down several exciting growth markets, including one huge new contract from Cupertino.