Shares of STMicroelectronics STM rose 3.2% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share fell 44.44% year over year to $0.10, which beat the estimate of $0.08.
Revenue of $2,087,000,000 declined by 3.96% from the same period last year, which beat the estimate of $2,000,000,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Q3 revenue expected between $2,100,000,000 and $2,800,000,000.
How To Listen To The Conference Call
Date: Jul 23, 2020
Time: 03:30 AM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/stm/mediaframe/39283/indexl.html
Recent Stock Performance
52-week high: $31.98
Company's 52-week low was at $14.67
Price action over last quarter: Up 33.84%
Company Overview
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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