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Shares of STMicroelectronics (NYSE:STM) gained 7% in pre-market trading after the company reported Q1 results.
Earnings per share rose 5.00% over the past year to $0.21, which missed the estimate of $0.23.
Revenue of $2,231,000,000 rose by 7.47% year over year, which missed the estimate of $2,310,000,000.
Earnings guidance hasn't been issued by the company for now.
STMicroelectronics hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: Apr 22, 2020
Time: 05:05 AM ET
52-week high: $31.98
Company's 52-week low was at $14.67
Price action over last quarter: down 28.00%
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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