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STMicroelectronics: Q2 Earnings Insights

  STMicroelectronics (NYSE:STM) reported its Q2 earnings results on Thursday, July 28, 2022 at 01:00 AM. Here's what investors need to know about the announcement.

Benzinga · 07/28/2022 06:07

 

STMicroelectronics (NYSE:STM) reported its Q2 earnings results on Thursday, July 28, 2022 at 01:00 AM.

Here's what investors need to know about the announcement.

Earnings

STMicroelectronics beat estimated earnings by 15.0%, reporting an EPS of $0.92 versus an estimate of $0.8.

Revenue was up $845.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.08 which was followed by a 5.0% increase in the share price the next day.

Here's a look at STMicroelectronics's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.71 0.68 0.53 0.37
EPS Actual 0.79 0.82 0.51 0.44
Revenue Estimate 3.49B 3.46B 3.21B 2.89B
Revenue Actual 3.55B 3.56B 3.20B 2.99B

To track all earnings releases for STMicroelectronics VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.