STMicro reports Q2 revenue down 14.4% YoY to $2.77B, with an operating loss of $133M, vs. $56.2M profit est., including $190M in impairment and other costs (Nathan Vifflin/Reuters)

Nathan Vifflin / Reuters:
STMicro reports Q2 revenue down 14.4% YoY to $2.77B, with an operating loss of $133M, vs. $56.2M profit est., including $190M in impairment and other costs  —  STMicroelectronics (STMPA.PA) reported a second-quarter loss on Thursday, a performance that was worse than market expectations and hit by restructuring costs.