Thursday, January 23, 2020

STMicroelectronics Q4 Profit, Revenues Top View; Sees Q1 Revenues Above Market

Semiconductor company STMicroelectronics NV reported Thursday lower profit in its fourth quarter with weak margin, despite higher revenues. Earnings per share and revenues were above market estimates. Looking ahead for the first quarter, the company projects higher revenues above analysts' estimates. In pre-market activity on the NYSE, STM shares were gaining around 5.6 percent.

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