STMicroelectronics Reports 2024 First Quarter Financial Results
PR No: C3254C STMicroelectronics Reports 2024 First Quarter Financial Results Q1 net revenues $3.47 billion; gross margin 41.7%; operating...
Source: marketscreener.com
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Top News In Stmicroelectronics Today - Breaking & Trending Today
CAC40: U.S. growth and inflation hold up, Nasdaq -2%.
The fall in the Paris stock market has become more radical since the publication of the GDP and PCE indices, with the CAC40 plunging below 8,000, to 7,965 points, and the Euro-Stoxx50 dropping -1.5%...
Source: marketscreener.com
STMicroelectronics Cuts Sales Outlook as Demand Slows
STMicroelectronics lowered its full-year sales guidance after posting first-quarter revenue below forecast, as the demand for chips in the automotive sector…
Source: biztoc.com
EMEA Morning Briefing : Shares Seen Lower; Earnings, U.S. GDP Data in Focus
MARKET WRAPS Watch For: Germany GfK consumer climate survey; France business sentiment index, unemployment; trading updates from AstraZeneca, Barclays, Cellnex Telecom, BASF, Deutsche Bank,...
Source: marketscreener.com
STMicro cuts FY revenue outlook as slowing car market bites
(Reuters) -European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and a further decline in orders from laptop and phone companies. Analysts polled by LSEG were expecting revenue of $16.1 billion for the year. "During the quarter, automotive semiconductor demand slowed down compared to our expectations, entering a deceleration phase, while the ongoing industrial correction accelerated," said CEO Jean-Marc Chery in a statement.
Source: yahoo.com