RTTNews | Oct 28, 2021 01:14AM EDT

01:14 Thursday, October 28, 2021 (RTTNews.com) - STMicroelectronics NV (STM) reported a profit for its third quarter that climbed from last year.

The company's profit totaled $474 million, or $0.51 per share. This compares with $242 million, or $0.26 per share, in last year's third quarter.

Analysts had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.5% to $3.2 billion from $2.7 billion last year.

STMicroelectronics NV earnings at a glance:

-Earnings (Q3): $474 Mln. vs. $242 Mln. last year.-EPS (Q3): $0.51 vs. $0.26 last year.-Analysts Estimate: $0.53-Revenue (Q3): $3.2 Bln vs. $2.7 Bln last year.

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