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Stock impact report

UPDATE 1-STMicro expects to grow twice as fast as peers in 2018 [Reuters]

STMicroelectronics N.V. (STM) 
Last stmicroelectronics n.v. earnings: 4/22 01:00 am Check Earnings Report
US:NYSE Investor Relations: investors.st.com
Company Research Source: Reuters
UPDATE 1-STMicro expects to grow twice as fast as peers in 2018 | Reuters Reuters Staff 3 Min Read (adds executive comments, peer comparisons and stock action) By Eric Auchard LONDON, May 15 (Reuters) - Chipmaker STMicroelectronics on Tuesday forecast stronger-than expected sales growth of 14-17 percent in 2018, roughly twice the rate of industry peers, thanks to market share gains in auto, industrials and imaging markets. The supplier of key components for Apple phones and Tesla vehicles is seeking to convince investors that ST can deliver sustained growth in sales, margins and market share, as it rebounds from setbacks earlier this decade. At its annual Capital Markets Day, executives hammered home the theme that STMicroelectronics is far better positioned in the best parts of solidly growing automotive and industrial markets than industry peers, which include NXP, Renesas , Infineon and Texas Instruments. The Franco-Italian electronic components maker expects to grow between 14-17 Show less Read more
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