Shares of STMicroelectronics STM rose 6.8% in pre-market trading after the company reported Q4 results.
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
Date: Jan 28, 2021
Time: 03:30 AM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/stm/mediaframe/42891/indexl.html
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.
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