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STMicroelectronics NV Issues Q2 2013 Revenue Guidance Below Analysts' Estimates

Monday, 22 Apr 2013 06:50pm EDT 

STMicroelectronics NV announced that for the second quarter of 2013, it expects revenues to grow sequentially in the range of about +3%, plus or minus 3.5% points. The Company reported revenue of $2.013 billion in the first quarter of 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $2.114 billion for the second quarter of 2013.