$STMicroelectronics(STM.US)$ reported its Q3 earnings results on Thursday, October 28, 2021.
Here's what investors need to know about the announcement.
Earnings
STMicroelectronics missed their estimated earnings by 3.77%, reporting an EPS of $0.51 versus an estimate of $0.53, which did not surprise analysts.
Revenue was up $531,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07, which was followed by a 1.05% drop in the share price the next day.
Here's a look at STMicroelectronics's past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.37 | 0.37 | 0.56 | 0.28 |
| EPS Actual | 0.44 | 0.39 | 0.63 | 0.26 |
| Revenue Estimate | 2.89B | 2.92B | 3.14B | 2.64B |
| Revenue Actual | 2.99B | 3.02B | 3.23B | 2.67B |