By Joshua Kirby

STMicroelectronics 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.

STMicroelectronics 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

Corrections & Amplifications

This story was corrected at 0656 GMT because the name of the company was misspelled as STMicrolectronics throughout including the headline.

(END) Dow Jones Newswires

01-08-21 0141ET