By Mauro Orru and Cristina RocaShares in STMicroelectronics NV rose after the company said a dynamic market helped it perform better than expected in the fourth quarter, taking its top line above the high end of its guidance. According to preliminary figures, revenue jumped to $3.56 billion from $3.24 billion for the fourth quarter of 2020. The company had targeted revenue of $3.40 billion, plus or minus 350 basis points. The result means revenue is now 140 basis points above the high end of the guided range. Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94 and Cristina Roca at cristina.roca@wsj.com(END) Dow Jones NewswiresJanuary 07, 2022 03:56 ET (08:56 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal January 07, 2022 09:00 UTC