Investing.com - STMicroelectronics ADR reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
STMicroelectronics ADR announced earnings per share of $0.1 on revenue of $2.09B. Analysts polled by Investing.com anticipated EPS of $0.06 on revenue of $2B.
STMicroelectronics ADR shares are down 37.59% from the beginning of the year , still down 4.13% from its 52 week high of $31.98 set on February 13. They are under-performing the EUR/USD which is down 0% from the start of the year.
STMicroelectronics ADR follows other major Technology sector earnings this month
STMicroelectronics ADR's report follows an earnings beat by Microsoft on Wednesday, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.38 on revenue of $36.43B.
Taiwan Semiconductor had beat expectations on July 15 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
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