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STMicroelectronics N.V. Issues Q2 2012 Revenue Guidance In Line With Analysts' Estimates; Declares Dividend
STMicroelectronics N.V. announced that for second quarter of 2012, it expects revenues to grow sequentially in the range of about +7.5%, plus or minus 3% points. The Company reported revenue of $2.02 billion in first quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.17 billion for second quarter of 2012. The Company also announced that distribution of a cash dividend of USD0.40 per share, to be paid in four equal quarterly installments in June, August and December 2012 and February 2013 to shareholders of record in the month of each quarterly payment.
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