STMicroelectronics NV Profit Rises In Q2

STMicroelectronics NV (STM) revealed earnings for its second quarter that rose from last year.

The company's bottom line totaled $412 million, or $0.44 per share. This compares with $90 million, or $0.10 per share, in last year's second quarter.

Analysts had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 43.1% to $2.99 billion from $2.09 billion last year.

STMicroelectronics NV earnings at a glance:

-Earnings (Q2): $412 Mln. vs. $90 Mln. last year.
-EPS (Q2): $0.44 vs. $0.10 last year.
-Analysts Estimate: $0.37
-Revenue (Q2): $2.99 Bln vs. $2.09 Bln last year.

Next quarter revenue guidance: $3.20 bln

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