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STMicroelectronics beat Q1 earnings expectations despite a slight stock stake reduction.
STMicroelectronics N.V. beat earnings expectations with a $0.07 EPS in the first quarter, though revenue of $2.52 billion met forecasts.
The company's stock, with a market cap of $27.02 billion, saw a 3.0% stake reduction by Henry James International Management Inc., but an increase by Diversified Trust Co. STMicroelectronics, which makes semiconductors, has a strong financial position with a current ratio of 3.05 and is expected to report 0.85 EPS for the year.
Investors will receive a $0.09 quarterly dividend.
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STMicroelectronics superó las expectativas de ganancias del primer trimestre a pesar de una ligera reducción de las participaciones en acciones.