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Not All Chipmakers Are Doing Great; STMicroelectronics Lowers Annual Outlook After Q1 Performance - STMicroelectronics (NYSE:STM) : comparemela.com
Not All Chipmakers Are Doing Great; STMicroelectronics Lowers Annual Outlook After Q1 Performance - STMicroelectronics (NYSE:STM)
STM reported 18.4% revenue decline in Q1 2024, missed consensus estimates. Margins decreased and outlook for Q2 and 2024 is lower than expected.
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