Investing.com - STMicroelectronics reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
STMicroelectronics announced earnings per share of $0.79 on revenue of $3.55B. Analysts polled by Investing.com anticipated EPS of $0.7127 on revenue of $3.51B.
STMicroelectronics shares are down 19% from the beginning of the year and are trading at $35.01 , down-from-52-week-high.They are under-performing the CAC 40 which is down 10.27% from the start of the year.
STMicroelectronics shares gained 0.43% in intra-day trade the report.
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