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EARNINGS SUMMARY: Details of STMicroelectronics NV Q2 Earnings Report

Below are the earnings highlights for STMicroelectronics NV (STM):

-Net Income: $55 Mln in Q2 vs. $102 Mln in the same period last year.

-EPS: $0.06 in Q2 vs. $0.11 in the same period last year.

-Analysts projected $0.04 per share

-Revenue: $1.76 Bln in Q2 vs. $1.86 Bln in the same period last year.

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A busy week for economics saw the release of first quarter growth figures for the U.S. economy and the interest rate decision in Japan. Read our stories to find out why the GDP data damped market sentiment in the U.S. and what were the signals given out by the Bank of Japan. Other news this week included new home sales data and jobless claims figures from the U.S., and the latest purchasing managers' survey results for the Eurozone.

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