Investing.com - STMicroelectronics reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
STMicroelectronics announced earnings per share of $0.521 on revenue of $2.68B. Analysts polled by Investing.com anticipated EPS of $0.4466 on revenue of $2.51B.
STMicroelectronics shares are up 7% from the beginning of the year and are trading at $32.43 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 1.08% from the start of the year.
STMicroelectronics shares gained 2.24% in intra-day trade the report.
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