Investing.com - STMicroelectronics ADR reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
STMicroelectronics ADR announced earnings per share of $0.26 on revenue of $2.67B. Analysts polled by Investing.com anticipated EPS of $0.28 on revenue of $2.61B.
STMicroelectronics ADR shares are up 26.5% from the beginning of the year, still down 3.65% from its 52 week high of $35.33 set on October 12. They are outperforming the EUR/USD which is down 0% from the start of the year.
STMicroelectronics ADR shares lost 0.38% in intra-day trade following the report.
STMicroelectronics ADR follows other major Technology sector earnings this month
STMicroelectronics ADR's report follows an earnings matched by Taiwan Semiconductor on October 14, who reported EPS of $0.92 on revenue of $12.4B, compared to forecasts EPS of $0.92 on revenue of $12.4B.
Danaher had beat expectations on Thursday with third quarter EPS of $1.72 on revenue of $5.88B, compared to forecast for EPS of $1.36 on revenue of $5.51B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar