|Bid||14.610 x 160000|
|Ask||14.650 x 160000|
|Day's Range||14.401 - 14.401|
|52 Week Range||4.783 - 15.595|
|PE Ratio (TTM)||40.45|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||6.50|
STMicroelectronics (STM) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.
FRANKFURT/PARIS, May 11 (Reuters) - STMicroelectronics expects 2017 revenue to grow by between 12.5 and 15.5 percent from last year to around $8 billion, Chief Financial Officer Carlo Ferro said on Thursday. Europe's second-biggest chipmaker has been benefiting from growing demand for sensors for smartphones, cars, and the devices related to the burgeoning so-called "Internet of Things" (IoT) sector of internet-connected machinery and household devices that are able to collect and exchange data using embedded sensors. The chipmaker is also considering a possible increase in its initially planned investments of $1.1 billion for 2017 on the back of higher demand in the second-half and beyond, it said in its presentation.
On a per-share basis, the Geneva-based company said it had profit of 12 cents. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research ...