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 $0.44 on revenue of $2.99B. Analysts polled by Investing.com anticipated EPS of $0.3707 on revenue of $2.89B.
STMicroelectronics ADR shares are up 5.95% from the beginning of the year, still down 8.58% from its 52 week high of $43.02 set on February 16. They are outperforming 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 Apple on Tuesday, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.26B.
Microsoft had beat expectations on Tuesday with fourth quarter EPS of $2.17 on revenue of $46.15B, compared to forecast for EPS of $1.91 on revenue of $44.06B.
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