17:I[87134,["/_next/static/chunks/abf43a076ddbd945.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/5ac73fe2b25fc6c9.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/92bdbfeca3f655f7.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/733be0453bf96ece.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/27718c319dd13e9b.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/34c922b381f458e9.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/c85eefbddd563073.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA"],"default"] 18:T502,

(RTTNews) - STMicroelectronics N.V. (STM), a French-Italian semiconductor company, announced on Thursday its second-quarter results showing a profit after a loss in the prior-year period.

In addition, the company issued its revenue outlook for the third quarter.

The company posted net income of $222 million or $0.24 per share compared with a net loss of $97 million or $0.11 per share last year.

Impairment restructuring charges and other related phase-out costs fell to $58 million from $190 million recorded in the previous year.

Excluding those items, earnings rose 410.5 percent to $291 million or $0.31 per share from $57 million or $0.06 per share a year earlier.

Revenue grew 26 percent to $3.49 billion from $2.77 billion last year, supported by stronger sales in CECP and Automotive.

Looking ahead, the company expects third-quarter net revenue of $3.7 billion, up 6.2 percent sequentially plus or minus 350 basis points.

On Wednesday, shares closed at $65.77, gaining 0.52 percent on the New York Stock Exchange.

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