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Recap: STMicroelectronics Q4 Earnings

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Benzinga Insights
·1 min read
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Shares of STMicroelectronics (NYSE:STM) rose 6.8% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were up 46.51% year over year to $0.63, which beat the estimate of $0.56.

Revenue of $3,235,000,000 higher by 17.47% year over year, which beat the estimate of $3,140,000,000.

Outlook

Q1 revenue expected between $2,930,000,000 and $2,930,000,000.

Conference Call Details

Date: Jan 28, 2021

View more earnings on STM

Time: 03:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/stm/mediaframe/42891/indexl.html

Price Action

52-week high: $41.99

52-week low: $14.67

Price action over last quarter: Up 18.97%

Company Description

A merger between Italian firm SGS Microelettronica and the nonmilitary business of Thomson Semiconductors in France formed STMicroelectronics in 1987. STMicro is a leader in a variety of semiconductor products, including analog chips, discrete power semiconductors, microcontrollers, and sensors. STMicro is an especially prominent chip supplier into the industrial and automotive industries.

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