Benzinga | Oct 22, 2020 07:19AM EDT

Recap: STMicroelectronics Q3 Earnings

Shares of STMicroelectronics (NYSE:STM) moved higher by 1.9% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 23.53% over the past year to $0.26, which missed the estimate of $0.28.

Revenue of $2,666,000,000 rose by 4.43% year over year, which beat the estimate of $2,640,000,000.

Guidance

The upcoming fiscal year's revenue expected to be between $9,970,000,000 and $9,970,000,000.

Conference Call Details

Date: Oct 22, 2020

Time: 03:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/stm/mediaframe/41060/indexl.html

Price Action

Company's 52-week high was at $35.34

Company's 52-week low was at $14.67

Price action over last quarter: Up 17.57%

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.