Semiconductor maker STMicroelectronics ( STM) posted income that was six times greater than that of a year ago, aided by revenue from chips used in consumer electronics wares.

Excluding charges, the company on Tuesday said it earned $168 million, or 18 cents a share, an increase from the year-ago profit of $26 million or 3 cents a share.

Sales spiked 15.4% year over year to $2.5 billion.

Analysts polled by Thomson First Call were looking for earnings of 16 cents a share on sales of $2.48 billion.

"We still anticipate industry growth for 2006 in the high-single digits on a percentage basis, with continuing expansion in 2007," said CEO Carlo Bozotti.

"For ST, we expect sequential sales growth in the range between -1% and 5%, consistent with our traditional low single-digit seasonal progression in the third quarter," the CEO said.

STMicro also said it sees a 2006 gross margin of about 36%, plus or minus 100 basis points.

Shares of STMicro closed the regular session off 19 cents to $15.17.