Investing.com - STMicroelectronics ADR reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
STMicroelectronics ADR announced earnings per share of $0.51 on revenue of $3.2B. Analysts polled by Investing.com anticipated EPS of $0.519 on revenue of $3.21B.
STMicroelectronics ADR shares are up 24% from the beginning of the year, still down 4.96% from its 52 week high of $47.38 set on September 16. They are outperforming the Euro Stoxx 50 which is up 18.69% 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 Alphabet C on Tuesday, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.84 on revenue of $63.47B.
Facebook had beat expectations on Monday with third quarter EPS of $3.22 on revenue of $29.01B, compared to forecast for EPS of $3.19 on revenue of $29.58B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar