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STMicroelectronics: Q1 Earnings Snapshot

GENEVA (AP) — GENEVA (AP) — STMicroelectronics NV (STM) on Thursday reported first-quarter earnings of $37 million.

The Geneva-based company said it had net income of 4 cents per share. Earnings, adjusted for one-time gains and costs, were 13 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The chip company posted revenue of $3.1 billion in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STM at https://www.zacks.com/ap/STM

ING: Q2 Earnings Snapshot

AMSTERDAM (AP) — AMSTERDAM (AP) — ING Groep NV (ING) on Thursday reported net income of $2.26 billion in its second quarter. The Amsterdam-based bank said it had earnings of 79 cents per share. The financial services provider posted revenue of $7.31 billion in the period. Its revenue net of interest expense was $7.31 billion, surpassing Street forecasts. _____
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