STMicroelectronics reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
STMicroelectronics announced earnings per share of €0.19 on revenue of €2.06B. Analysts polled by anticipated EPS of €0.21 on revenue of €2.1B. That with comparison to EPS of €0.18 on revenue of €1.85B in the same period a year before. STMicroelectronics had reported EPS of €0.39 on revenue of €2.49B in the previous quarter. Analysts are expecting EPS of €0.15 and revenue of €1.99B in the upcoming quarter.
STMicroelectronics shares are down 6% from the beginning of the year , still down 24.05% from its 52 week high of €29.44 set on February 14. They are outperforming the CAC 40 which is down 26.02% year to date.
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