STMicroelectronics Earnings miss, Revenue beats In Q3

  • Investing.com
STMicroelectronics Earnings miss, Revenue beats In Q3
Credit: © Reuters.

Investing.com - STMicroelectronics reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.

STMicroelectronics announced earnings per share of $0.22 on revenue of $2.25B. Analysts polled by Investing.com anticipated EPS of $0.24 on revenue of $2.22B.

STMicroelectronics shares are up 19% from the beginning of the year and are trading at $28.62 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 13.42% from the start of the year.

STMicroelectronics shares lost 1.07% in intra-day trade the report.

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