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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.

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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