STMicro reports Q3 revenue down 2% YoY to $3.19B and operating income down 53% YoY to $180M, missing est., and forecasts Q4 revenue of $3.28B, below $3.35B est. (Christina Kyriasoglou/Bloomberg)

Christina Kyriasoglou / Bloomberg:
STMicro reports Q3 revenue down 2% YoY to $3.19B and operating income down 53% YoY to $180M, missing est., and forecasts Q4 revenue of $3.28B, below $3.35B est.  —  STMicroelectronics NV forecast fourth-quarter revenue that missed analysts' expectations, signaling that a long-awaited recovery in the industry may be faltering.

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