STMicroelectronics Q1 EPS $0.06 Beats $0.04 Estimate, Sales $2.52B Beat $2.51B Estimate

STMicroelectronics (NYSE:STM) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.04 by 50 percent. This is a 88.89 percent decrease over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $2.52 billion which beat the analyst consensus estimate of $2.51 billion by 0.26 percent. This is a 27.36 percent decrease over sales of $3.46 billion the same period last year.