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Updated from 6:19 p.m. EDT
STMicroelectronics(STM Quote) swung to a first-quarter profit as automotive and wireless applications drove a 13.5% rise in revenue.
The Swiss chipmaker said it earned $132 million, or 14 cents a share, compared with a loss of $31 million, or 3 cents a share, a year earlier.
Excluding $13 million in other charges, the company would've earned 15 cents a share. On that basis, STMicro beat the Thomson First Call analyst estimate of 11 cents a share. ...
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