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STMicroelectronics reports Q4 EPS $1.32, consensus $1.13

Reports Q4 revenue $4.42B, consensus $4.41B. Jean-Marc Chery, STMicroelectronics president and CEO, commented: "FY22 revenues increased 26.4% to $16.13 billion, driven by strong demand in automotive and industrial, and our engaged customer programs. Operating margin increased to 27.5% from 19.0% in FY21 and net income almost doubled to $3.96 billion. We invested $3.52 billion in CAPEX while delivering free cash flow of $1.59 billion."

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