Franco-Italian chipmaker STMicro reports Q3 revenue up 2.5% to $4.43B, beating $4.38B est., net income down 0.8% YoY to ~$1B, and predicts demand rising in Q1 (Benoit Berthelot/Bloomberg)

Benoit Berthelot / Bloomberg:

Franco-Italian chipmaker STMicro reports Q3 revenue up 2.5% to $4.43B, beating $4.38B est., net income down 0.8% YoY to ~$1B, and predicts demand rising in Q1  —  – Net revenue in fourth quarter seen at $4.3 billion, down 3%  — Third quarter sales were buoyed by automotive industry demand