STMicroelectronics beats quarterly operating profit estimates
STM•STMicroelectronics reported third-quarter operating income excluding one-off charges of $429 million, up 98% year over year and above analysts’ $400.5 million estimate.
1. Operating profit rises
STMicroelectronics reported third-quarter operating income excluding one-off charges of $429 million, up 98% from a year ago and above the $400.5 million expected by analysts. The company said demand from AI data centres and satellite operators added to a broader recovery in its markets.
