GENEVA (AP) — GENEVA (AP) — STMicroelectronics NV (STM) on Thursday reported third-quarter profit of $351 million.
On a per-share basis, the Geneva-based company said it had net income of 37 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The chip company posted revenue of $3.25 billion in the period.
For the current quarter ending in December, STMicroelectronics said it expects revenue in the range of $3.32 billion.
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