for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

STMicro revenue exceeds own third-quarter expectation

Oct 1 (Reuters) - Semiconductor manufacturer STMicroelectronics reported on Thursday preliminary third-quarter revenue exceeded its expectations, boosted by a sharp rise in demand for automotive products and microcontrollers.

It sees third-quarter net revenue rising 27.8% sequentially to $2.67 billion, compared to the $2.45 billion it had expected previously. (Reporting by Piotr Lipinski in Gdansk; Editing by Muralikumar Anantharaman)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up