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STMicro: operating margin down in Q3

( - STMicroelectronics has reported diluted EPS that is down 24% to 0.
26 dollar for the third quarter of 2020 (0.34 dollar a year ago), with an operating margin that is down 80 basis points year-on-year to 12.3%.

Its gross margin fell by 190 basis points to 36% for net revenue that is up 4.4% at 2.67 billion dollars, driven by sales of microcontrollers, RF communications products, MEMS and analog products.

For Q4 2020, STMicro targets net sales of 2.99 billion dollars, up 12% sequentially, plus or minus 350 basis points, with a gross margin of around 38.5%, plus or minus 200 basis points.

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