STMicroelectronics (NYSE:STM)announces that its preliminary Q4 2021 net revenues are above the business outlook range provided on October 28, 2021.
Preliminary Q42 revenues are $3.56B (consensus $3.41B), up 11.2% Q/Q and above prior outlook of $3.4B.
“We ended Q421 with net revenues above the outlook range and gross margin at or slightly above the high-end of the outlook range, primarily due to better than anticipated operations in an ongoing dynamic market,” said Jean-Marc Chery, STM's President and CEO.
The Company will release its Q4 and FY 2021 earnings before the opening of trading on the European Stock Exchanges on Thursday, January 27, 2022.