STMicroelectronics third-quarter profit comes in below forecasts

STMicroelectronics (STM) earned 37 cents a share in the third quarter, short of the 41 cents analysts expected. The chipmaker published the results before the market opened on Thursday October 29. Stanley Druckenmiller and Leopold Aschenbrenner both hold the stock long, with a bigger slice of Druckenmiller's portfolio in it.