GENEVA (AP) — GENEVA (AP) — STMicroelectronics NV (STM) on Thursday reported first-quarter profit of $513 million.
On a per-share basis, the Geneva-based company said it had profit of 54 cents.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The chip company posted revenue of $3.47 billion in the period.
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