STMicroelectroncis (STM) Tumbles 13% as Earnings Disappoint

We recently published 10 Stocks Slump Amid Wall Street Cheer; 2 Hit Rock Bottom. STMicroelectronics NV (NYSE:STM) is one of the worst performers on Thursday. STMicroelectronics fell by 13.26 percent on Thursday to close at $25.26 apiece after reporting a disappointing earnings performance in the third quarter of the year. In its financial statement, STMicroelectronics NV (NYSE:STM) said net income dropped by 32.3 percent to $237 million from $351 million in the same period last year. Net revenues also d ...