Investing.com - STMicroelectronics ADR reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
STMicroelectronics ADR announced earnings per share of $0.92 on revenue of $3.84B. Analysts polled by Investing.com anticipated EPS of $0.7959 on revenue of $3.74B.
STMicroelectronics ADR shares are down 25.68% from the beginning of the year and are trading at $36.33 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
STMicroelectronics ADR follows other major Information Technology sector earnings this month
STMicroelectronics ADR's report follows an earnings missed by Microsoft on Tuesday, who reported EPS of $2.23 on revenue of $51.87B, compared to forecasts EPS of $2.29 on revenue of $52.43B.
Visa A had beat expectations on Tuesday with third quarter EPS of $1.98 on revenue of $7.28B, compared to forecast for EPS of $1.74 on revenue of $7.06B.
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