Investing.com - STMicroelectronics reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
STMicroelectronics announced earnings per share of $0.82 on revenue of $3.56B. Analysts polled by Investing.com anticipated EPS of $0.6962 on revenue of $3.48B.
STMicroelectronics shares are down 4% from the beginning of the year, still down 10.46% from its 52 week high of $46.33 set on November 22, 2021. They are under-performing the CAC 40 which is down 2.81% from the start of the year.
STMicroelectronics shares gained 4.35% in intra-day trade following the report.
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