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Stock Market & Financial Investment News

News For STM;ERIC From The Last 14 Days
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January 28, 2015
09:15 EDTSTMOn The Fly: Pre-market Movers
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05:28 EDTSTMSTMicroelectronics sees Q1 revenues down sequentially by about 5% at mid-point
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05:26 EDTSTMSTMicroelectronics reports Q4 EPS 5c, consensus 1c
Reports Q4 revenue $1.83B, consensus $1.82B.
January 27, 2015
10:00 EDTSTMOn the Fly: Analyst Upgrade Summary
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08:23 EDTSTMSTMicroelectronics upgraded to Buy from Neutral at BofA/Merrill
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05:21 EDTERICEricsson sees North American mobile broadband business remaining slow
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05:20 EDTERICEricsson proposes to increase 2014 dividend by 13%
Ericsson said in its earnings release, "We improved cash flow from operating activities in 2014 and generated a full-year cash flow of SEK 18.7 (17.4) b. For the third consecutive year we have exceeded our cash conversion target of more than 70%. This resulted in a solid balance sheet, enabling us to continue to implement our strategy and to deliver consistent returns to our shareholders. The Board of Directors proposes a dividend for 2014 of SEK 3.40 (3.00) per share, an increase of 13%."
05:16 EDTERICEricsson reports Q4 net income SK4.2B vs. SK6.4B last year
Reports Q4 sales SK68B vs. SK67B last year. Reports Q4 operating margin 9.3% vs. 13.5% last year. The company said, "In the quarter, strong sales growth in the Middle East, Europe and Asia was offset by a continued decline in North America."
January 22, 2015
11:32 EDTERICF5 Networks plummets after Q2 outlook trails estimates
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January 21, 2015
07:39 EDTSTMSTMicroelectronics upgraded to Buy from Neutral at Citigroup (yesterday)
Citigroup yesterday upgraded STMicroelectronics to Buy citing a favorable risk/reward in the near-term relative to expectations.

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