GENEVA (AP) _ STMicroelectronics NV (STM) on Thursday reported second-quarter net income of $90 million.
On a per-share basis, the Geneva-based company said it had profit of 10 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The chip company posted revenue of $2.09 billion in the period.
STMicroelectronics shares have risen 14% since the beginning of the year. The stock has risen 65% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STM at https://www.zacks.com/ap/STM
Automated Insights, source Associated Press News