STMicroelectronics Q2 Adj. EPS $0.31 Beats $0.27 Estimate, Sales $3.487B Beat $3.379B Estimate
STMicroelectronics (NYSE:STM) reported quarterly earnings of $0.31 per share which beat the analyst consensus estimate of $0.27 by 14.81 percent. This is a 416.67 percent increase over earnings of $0.06 per share from
STMicroelectronics made more money than experts predicted this quarter—they earned $0.31 per share instead of the expected $0.27, and sold more stuff too. When a company beats what people guessed, it's a sign the business might be running better than everyone thought.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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