DJ EARNINGS PREVIEW: STMicroelectronics 3Q Net Pft Seen -26%
22.10.07 13:30:00, - DJPN
STMicroelectronics NV (STM): 3Q Earnings
Due:Oct. 23 after New York Market Close
DJ Survey of 4 Analysts
Average Net Profit: $152.8M, -26%($207M in 3Q 2006)
Average Revenue: $2.53B, +0.8% ($2.51B in 3Q 2006)
Note: Profitability is expected to be hurt by the weakening US dollar and pricing pressures in wireless. The closely-watched gross margin is seen at 35.3%, down from 36% a year earlier. Analysts are concerned that gross-margin guidance for 4Q could disappoint due to the dollar's weakness.(JWM)
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