STMicroelectronics NV (STM) revealed a profit for third quarter that retreated compared to the same period last year.
The company said its bottom line came in at $101 million, or $0.12 per share. This was down from $117 million, or $0.13 per share, in last year's third quarter.
Analysts had expected the company to earn $0.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 6.9% to $1.76 billion. This was down from $1.89 billion last year.
STMicroelectronics NV earnings at a glance:
-Earnings (Q3): $101 Mln. vs. $117 Mln. last year.
-Earnings Decline (Y-o-Y): -13.7%
-EPS (Q3): $0.12 vs. $0.13 last year.
-EPS Decline (Y-o-Y): -7.7%
-Analysts Estimate: $0.09
-Revenue (Q3): $1.76 Bln vs. $1.89 Bln last year.
-Revenue Change (Y-o-Y): -6.9%
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