STMicroelectronics Ahead of Earnings

Published on Friday, 20 January 2012 10:28 Written by Gerard Lerod

New York, January 20th (TradersHuddle.com) - Shares of STMicroelectronics N.V. (NYSE:STM) are trading higher by +0.14% ahead of its quarterly earnings release. STMicroelectronics, the semiconductor integrated circuits and discrete devices maker is expected to release its quarterly results on January 23^rd.

Wall Street Analysts consensus calls for a loss of $-0.03 a share on $2.23 billion revenue.

STMicroelectronics estimates have a range of $0.07 a share. The high estimate calls for profit of $0 a share and the low estimate is calling for a loss of $-0.07 a share, a year ago for the quarter the company reported $0.27 a share.

STMicroelectronics N.V. (NYSE:STM) designs, manufactures, and markets semiconductor integrated circuits and discrete devices. The Company's products are used in the telecommunications, consumer electronics, automotive, computer, and industrial sectors.

Other companies on the watch on this earnings event are and Maxim Integrated Products, Inc. NASDAQ:MXIM.