Shares of STMicroelectronics STM rose 6.2% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 340.00% year over year to $0.44, which beat the estimate of $0.37.
Revenue of $2,992,000,000 higher by 43.36% from the same period last year, which beat the estimate of $2,890,000,000.
Looking Ahead
Q3 revenue expected between $3,088,000,000 and $3,312,000,000.
Details Of The Call
Date: Jul 29, 2021
Time: 03:30 AM
ET Webcast URL: https://investors.st.com/events/event-details/q2-2021-stmicroelectronics-nv-earnings-webcast
Recent Stock Performance
52-week high: $43.02
52-week low: $26.90
Price action over last quarter: Up 12.04%
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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