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Shares of STMicroelectronics (NYSE:STM) rose 6.8% in pre-market trading after the company reported Q4 results.
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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
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Date: Jan 28, 2021
Time: 03:30 AM
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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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.