LONDON (Reuters) – European chipmaker STMicroelectronics reported better-than-expected first-quarter results on Thursday.
Its revenue rose to $4.25 billion, up from $4.42 billion the previous quarter, according to IBES data from Refinitiv Eikon.
First-quarter diluted earnings per share of $1.10 beat analysts’ average estimate of $0.99, IBES data showed.
(Reporting by Martin Coulter; Editing by Himani Sarkar)
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