Dow Jones Newswires: STMicroelectronics posts higher results, provides revenue guidance

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STMicroelectronics NV on Thursday reported higher earnings for the first quarter of the year and released revenue guidance for the second quarter and full year.

The European chip maker STM IT:STMMI said quarterly net profit was $1.04 billion compared with $747 million a year earlier.

Net revenue increased to $4.25 billion from $3.55 billion…

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