STMicroelectronics: Q4 Earnings Snapshot

GENEVA (AP) — GENEVA (AP) — STMicroelectronics NV (STM) on Thursday reported fourth-quarter profit of $341 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 four analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The chip company posted revenue of $3.32 billion in the period.

For the year, the company reported profit of $1.56 billion, or $1.66 per share. Revenue was reported as $13.27 billion.

For the current quarter ending in March, STMicroelectronics said it expects revenue in the range of $2.51 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STM at https://www.zacks.com/ap/STM

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