STMicroelectronics Reaches Two-Year High on Strong Q1 Results and Positive Outlook
STMicroelectronics (STM) reached a two-year high after reporting a 23% increase in Q1 revenues and an upbeat outlook for Q2. The stock rose 10.81% to $49.71, driven by strong performance in personal electronics and CECP segments.
Tickers: $STM
Topics: earnings report outlook revenue growth STMicroelectronics stock price movement