Benzinga | Oct 22, 2020 07:41AM EDT

STMicroelectronics Earlier Reported Q3 EPS $0.26 Misses $0.28 Estimate, Sales $2.67B Beat $2.64B Estimate

STMicroelectronics (NYSE:STM) reported quarterly earnings of $0.26 per share which missed the analyst consensus estimate of $0.28 by 7.14 percent. This is a 23.53 percent decrease over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $2.67 billion which beat the analyst consensus estimate of $2.64 billion by 0.98 percent. This is a 4.43 percent increase over sales of $2.55 billion the same period last year.