STMicroelectronics NV Issues Q3 2013 Revenue and Gross Margin Guidance in Line with Analysts' Estimates

Monday, 22 Jul 2013 04:48pm EDT 

STMicroelectronics NV announced that it expects third quarter 2013 revenues to be about flat on a sequential basis, plus or minus 3.5 percentage points. Gross margin in the third quarter is expected to be about 33.5%, plus or minus 2.0 percentage points. The Company reported revenue of USD 2.045 billion for the second quarter of fiscal year 2013. According to I/B/E/S Estimates, analysts on average are expecting the Company to report third quarter 2013 revenue of USD 2.125 billion and a third quarter 2013 gross margin of 34.32%.