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Stock impact report

STMicroelectronics (STM) Hits 2-Year High on Upbeat Outlook, Strong Revenues [Yahoo! Finance]

STMicroelectronics N.V. (STM) 
Last stmicroelectronics n.v. earnings: 4/22 01:00 am Check Earnings Report
US:NYSE Investor Relations: investors.st.com
Company Research Source: Yahoo! Finance
STMicroelectronics climbed to a new two-year high on Thursday, as investors took heart from its upbeat outlook for the second quarter, alongside a strong revenue performance for the first three months of the year. In intra-day trading, the stock soared to a record high of $51.40 before trimming gains to end the session just up by 10.81 percent at $49.71 apiece. STMicro's Catania Silicon Carbide Campus. Photo from STMicroelectronics website In a statement, STMicroelectronics NV (NYSE:STM) reported a 23-percent expansion in its revenues for the first quarter of the year, at $3.095 billion versus $2.517 billion in the same period last year. Gross margin was at 33.8 percent, or a 40-basis point increase from the 33.4 percent a year earlier. “Q1 net revenues, excluding the contribution of our acquisition of NXP's MEMS sensor business, came above the mid-point of our business outlook range, driven mainly by higher revenues in our engaged customer programs in Personal electronics Show less Read more
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