STMicro reports Q3 revenue up 17.9% YoY to $3.76B, operating income up 98% YoY to $429M, vs. $400.5M est., and forecasts $4.15B in Q4 revenue, vs. $4.10B est. (Reuters)

More in Business

• Pine Labs profit jumps over sixfold as India's digital payments boom lifts demand

  Rapid merchant adoption across India's commercial sector is dramatically improving the financial trajectory of key fintech infrastructure providers. This strong bottom-line performance reflects accelerating terminal installations among mid-market businesses as electronic checkouts normalize nationwide. The firm is also positioning itself to capture meaningful transaction fee windfalls from anticipated regulatory updates governing high-value unified payment transfers.

  1 min read
• Asian Paints Q2 Results: Net profit rises 7% YoY to Rs 1,068 crore; firm announces Rs 5.75/share dividend

  The paint manufacturer experienced solid top-line expansion during the July-September period, driven by operational gains across its core business segments. Despite the stronger quarterly earnings and an approved shareholder payout, negative market sentiment pushed company equity lower in subsequent trading. Investors appear cautious as the market digested the broader operational figures alongside current share price performance.

  1 min read
• HUL’s revenue growth has a party pooper, and it’s may be here to stay

  Strong quarterly sales gains across key consumer categories were overshadowed by heavy margin compression driven by a 24% surge in raw-material expenses. Geopolitical conflict in West Asia has pushed commodity costs higher, prompting price increases and marketing cuts to protect profitability. Management now faces potential volume headwinds as inflationary pressures intersect with drought-affected rural markets.

  2 min read