BofA/Merrill Lynch Downgrades STMicroelectronics (STM) to Underperform

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STMicroelectronics N.V. (STM) Misses Q2 EPS by 8c

July 22, 2013 4:43 PM EDT

STMicroelectronics N.V. (NYSE: STM) reported Q2 EPS of ($0.06), $0.08 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $2.05 billion versus the consensus estimate of $2.07 billion.

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