But the stock market was down. The company's shares lost 15 percent in early trading after the forecast update.
Revenue for the quarter is expected to increase by 6.2 percent compared with the same period last year to $3.7 billion, according to the company. The estimate is slightly lower than the average forecast among analysts, which before the announcement was $3.8 billion, according to Bloomberg.
STMicroelectronics' stock had surged by around 160 percent since the turn of the year before the forecast.
