By Joshua Kirby 
 

STMicrolectronics NV said Friday that preliminary fourth-quarter revenue was above its previous guidance range, and up 21% from the previous quarter.

The Swiss semiconductor maker said preliminary net revenue came to $3.24 billion, thanks to better market dynamics.

STMicrolectronics said it will provide a full fourth-quarter and 2020 update on Jan. 28 before the opening of market trading.

 

Write to Joshua Kirby at joshua.kirby@dowjones.com; @joshualeokirby

 

(END) Dow Jones Newswires

January 08, 2021 01:41 ET (06:41 GMT)

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