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STMicroelectronics: 1Q Earnings Snapshot

GENEVA (AP) _ STMicroelectronics NV (STM) on Wednesday reported first-quarter net income of $178 million.

On a per-share basis, the Geneva-based company said it had net income of 20 cents.

The chip company posted revenue of $2.08 billion in the period.

STMicroelectronics shares have increased 31 percent since the beginning of the year. The stock has dropped 13 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STM at https://www.zacks.com/ap/STM