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STMicroelectronics NV Q1 adjusted earnings Inline With Estimates

STMicroelectronics NV (STM) released earnings for first quarter that fell from last year.

The company's bottom line totaled $178 million, or $0.20 per share. This compares with $239 million, or $0.26 per share, in last year's first quarter.

Excluding items, STMicroelectronics NV reported adjusted earnings of $178 million or $0.20 per share for the period.

Analysts had expected the company to earn $0.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.7% to $2.08 billion from $2.23 billion last year.

STMicroelectronics NV earnings at a glance:

-Earnings (Q1): $178 Mln. vs. $257 Mln. last year.
-EPS (Q1): $0.20 vs. $0.28 last year.
-Analysts Estimate: $0.20
-Revenue (Q1): $2.08 Bln vs. $2.23 Bln last year.

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