Investing.com - STMicroelectronics reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
STMicroelectronics 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 shares are up 24% from the beginning of the year and are trading at $39.66 , down-from-52-week-high.They are outperforming the Euro Stoxx 50 which is up 18.69% from the start of the year.
STMicroelectronics shares gained 2.10% in intra-day trade the report.
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