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