STMicro forecasts lower-than-expected Q4 sales, shares fall
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STMicroelectronics on Thursday forecast fourth quarter sales below market expectations, showing a slower than expected recovery in its main markets and sending its shares lower. One of Europe's largest chipmakers, whose clients include Tesla and Apple, sees fourth quarter revenue reaching $3.28 billion, up from the $3,19 billion it reported this quarter. Analysts polled by LSEG had forecast fourth quarter revenue of $3.34 billion, and $3.12 billion in the third quarter. STMicro shares fell 5.8
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