Investing.com - STMicroelectronics ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
STMicroelectronics ADR announced earnings per share of $0.79 on revenue of $3.55B. Analysts polled by Investing.com anticipated EPS of $0.7127 on revenue of $3.51B.
STMicroelectronics ADR shares are down 24.75% from the beginning of the year, still down 29.47% from its 52 week high of $52.15 set on November 22, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
STMicroelectronics ADR follows other major Information Technology sector earnings this month
STMicroelectronics ADR's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.22 on revenue of $49.36B, compared to forecasts EPS of $2.19 on revenue of $49.01B.
Taiwan Semiconductor had beat expectations on April 14 with first quarter EPS of $1.35 on revenue of $16.94B, compared to forecast for EPS of $1.27 on revenue of $16.73B.
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