STMicroelectronics Beats 3Q Estimates - TheStreet

STMicroelectronics

(STM) - Get Report

reported third-quarter earnings that exceeded analysts' expectations by 6 cents.

The maker of semiconductor integrated circuits and related products said third-quarter earnings rose to 45 cents a share from 15 cents a year earlier, adjusted to reflect a 2-for-1 stock split. According to a poll by

First Call/Thomson Financial

, 13 analysts expected third-quarter earnings of 39 cents a share.

Revenue for the quarter rose to $2.04 billion from $1.27 billion a year ago.