GENEVA (AP) _ STMicroelectronics NV (STM) on Thursday reported fourth-quarter net income of $1.25 billion.
On a per-share basis, the Geneva-based company said it had net income of $1.32.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The chip company posted revenue of $4.42 billion in the period.
For the year, the company reported profit of $3.96 billion, or $4.19 per share. Revenue was reported as $16.13 billion.
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
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News