STMicroelectronics beats quarterly operating profit estimates
Oct 29 (Reuters) - STMicroelectronics STMPA.PA reported a third-quarter operating profit above market expectations on Thursday, as demand from AI data centres and satellite operators added to a broader recovery in the chipmaker's markets.
Operating income excluding one-off charges was $429 million, up 98% from a year ago and above the $400.5 million expected by analysts polled by LSEG.