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STMicroelectronics N V : STMicroelectronics Reports 2024 First Quarter Financial Results

STMicroelectronics N V : STMicroelectronics Reports 2024 First Quarter Financial Results
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STMicroelectronics Q1 Net Income Declines; Net Revenues Down 18 4%

STMicroelectronics Q1 Net Income Declines; Net Revenues Down 18 4%
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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.

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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.

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STMicro cuts FY revenue outlook as softer car demand weighs

STMicro cuts FY revenue outlook as softer car demand weighs
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