💨 Abstract

STMicroelectronics NV reported Q1 net income of $56 million, surpassing Wall Street expectations with earnings of 7 cents per share. The Geneva-based company posted revenue of $2.52 billion, also exceeding forecasts. STMicroelectronics projects full-year revenue of $2.71 billion. The report was generated using data from Zacks Investment Research.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖