STMicroelectronics NV (ADR) (STM) Releases Earnings Results, Misses Expectations By $-0.02 EPS

STMicroelectronics NV (ADR) (STM) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $-0.02 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.00. The company posted revenue of $1613.00 million in the period, compared to analysts expectations of $1628.36 million. The company’s revenue was down -5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

STMicroelectronics NV (ADR) opened for trading at $5.78 and hit $5.85 on the upside on Friday, eventually ending the session at $5.82, with a gain of 0.52% or 0.03 points. The heightened volatility saw the trading volume jump to 5,33,823 shares. Company has a market cap of $5,113 M.

STMicroelectronics N.V. is a semiconductor company. The Company designs develops manufactures and markets a range of semiconductor products used in applications such as Internet of Things (IoT) and serving many different end markets. The Company operates through two business segments: Sense & Power and Automotive Products (SP&A) and Embedded Processing Solutions (EPS). The SP&A segment consists of product lines such as Automotive (APG) Industrial and Power Discrete (IPD) Analog and MEMS (AMS) and other SP&A. The EPS segment consists of product lines such as Digital Convergence Group (DCG) and Imaging BI-CMOS ASIC and Silicon Photonics (IBP) (DCG and IBP are combined as DPG); Microcontrollers Memory & Secure MCU (MMS) and Other EPS. The Company operates in Semiconductors and Subsystems business areas.

STMicroelectronics NV (ADR)

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