04:07 AM EDT, 07/25/2024 (MT Newswires) -- STMicroelectronics ( STM ) reported fiscal Q2 earnings Thursday of $0.38 per diluted share, down from $1.06 a year earlier.

Analysts polled by Capital IQ expected $0.35.

Net revenue for the quarter ended June 29 was $3.23 billion, down from $4.33 billion a year earlier. Analysts surveyed by Capital IQ expected $3.27 billion.

For fiscal Q3, the company expects revenue of $3.25 billion at the mid-point. Analysts polled by Capital IQ expect $3.55 billion.

Price: 40.90, Change: +1.36, Percent Change: +3.44