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Shares of STMicroelectronics (NYSE:STM) rose about 2% premarket on Thursday after the company’s first quarter results and second quarter outlook beat estimates.
Q1 Metrics:
Net revenues for the first quarter ended March 29, fell -27.3% year-over-year to $2.52B, while, non-U.S. GAAP was $0.07. Both top and bottom line numbers