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(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. ....
STMicro cuts FY revenue outlook as softer car demand weighs streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
-German food delivery company HelloFresh said on Thursday its first-quarter core profits plunged as customers ordered fewer meal kits and the company ramped up spending on its fledging. ....
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. ....
-German food delivery company HelloFresh said on Thursday its first-quarter core profits plunged as customers ordered fewer meal kits and the company ramped up spending on its fledging. ....