STMicroelectronics (NYSE:STM) reported its Q3 earnings results on Thursday, October 27, 2022 at 01:00 AM.
Here’s what investors need to know about the announcement.
Earnings
STMicroelectronics beat estimated earnings by 11.54%, reporting an EPS of $1.16 versus an estimate of $1.04.
Revenue was up $1.12 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12 which was followed by a 1.88% increase in the share price the next day.
Here’s a look at STMicroelectronics’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.80 | 0.71 | 0.68 | 0.53 |
| EPS Actual | 0.92 | 0.79 | 0.82 | 0.51 |
| Revenue Estimate | 3.75B | 3.49B | 3.46B | 3.21B |
| Revenue Actual | 3.84B | 3.55B | 3.56B | 3.20B |
To track all earnings releases for STMicroelectronics visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
