Investing.com - STMicroelectronics ADR reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
STMicroelectronics ADR announced earnings per share of $0.63 on revenue of $3.24B. Analysts polled by Investing.com anticipated EPS of $0.5429 on revenue of $3.04B.
STMicroelectronics ADR shares are up 2.02% from the beginning of the year and are trading at $37.87 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
STMicroelectronics ADR follows other major Technology sector earnings this month
STMicroelectronics ADR's report follows an earnings beat by Apple on Wednesday, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.41 on revenue of $102.54B.
Microsoft had beat expectations on Tuesday with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.23B.
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