STMicroelectronics Q3 EPS $1.16 Beats $1.09 Estimate, Sales $4.43B Beat $4.38B Estimate
Portfolio Pulse from Benzinga Newsdesk
STMicroelectronics (NYSE:STM) reported Q3 earnings of $1.16 per share, beating the analyst consensus estimate of $1.09 by 6.42%. The company also reported quarterly sales of $4.43 billion, surpassing the analyst consensus estimate of $4.38 billion by 1.14%. This represents a 2.52% increase over sales of $4.32 billion in the same period last year.
October 26, 2023 | 5:21 am
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POSITIVE IMPACT
STMicroelectronics reported better than expected Q3 earnings and sales, which could positively impact its stock price in the short term.
STMicroelectronics reported Q3 earnings and sales that beat analyst estimates. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100