Investing.com - STMicroelectronics reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
STMicroelectronics announced earnings per share of $1.16 on revenue of $4.32. Analysts polled by Investing.com anticipated EPS of $1.02 on revenue of $4.23B.
STMicroelectronics shares are down 33% from the beginning of the year and are trading at $32.10 , down-from-52-week-high.
STMicroelectronics shares lost 8.11% in intra-day trade the report.
STMicroelectronics follows other major Information Technology sector earnings this month
STMicroelectronics's report follows an earnings missed by Dassault Systemes on Wednesday, who reported EPS of $0.16 on revenue of $1.37B, compared to forecasts EPS of $0.249 on revenue of $1.33B.
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