STMicroelectronics: Q1 Earnings Snapshot
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GENEVA (AP) — GENEVA (AP) — STMicroelectronics NV (STM) on Thursday reported first-quarter earnings of $1.04 billion.
On a per-share basis, the Geneva-based company said it had net income of $1.10.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The chip company posted revenue of $4.25 billion in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STM at https://www.zacks.com/ap/STM