STMicroelectronics Earnings, Revenue beat In Q2

  • Investing.com
STMicroelectronics Earnings, Revenue beat In Q2

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

STMicroelectronics announced earnings per share of $0.44 on revenue of $2.99B. Analysts polled by Investing.com anticipated EPS of $0.3707 on revenue of $2.89B.

STMicroelectronics shares are up 19% from the beginning of the year and are trading at $34.97 , down-from-52-week-high.They are under-performing the AEX which is up 21% from the start of the year.

STMicroelectronics shares gained 5.40% in intra-day trade the report.

STMicroelectronics follows other major Information Technology sector earnings this month

STMicroelectronics's report follows an earnings beat by Dassault Systemes on Tuesday, who reported EPS of $0.22 on revenue of $1.16B, compared to forecasts EPS of $0.1959 on revenue of $1.15B.

Capgemini had missed expectations on Wednesday with second quarter EPS of $2.55 on revenue of $4.44B, compared to forecast for EPS of $3.86 on revenue of $4.28B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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