STMicroelectronics (STM) Reports Q2 Adj-EPS of $0.18, Beats by 3c; Guides Q3

July 22, 2010 5:16 PM EDT
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STMicroelectronics NV (NYSE: STM) reports Q2 EPS of $0.18, ex-items, 3 cents better than the analyst estimate of $0.15. Revenue for the quarter was $2.53 billion, which compares to the estimate of $2.52 billion.

Sees Q3 YoY sales up 13-19%. Sees gross margin 38.8% +/-1%.

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