STMicroelectronics cuts outlook as slower demand causes Q1 miss
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/13/2026
- US stocks close down as oil spikes 12%, job market weakens
- U.S. nonfarm payroll employment unexpectedly falls in February
- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
- After-hours movers: Marvell, Samsara, GAP, Cooper Cos.
- After-hours movers: Broadcom, StubHub, Cracker Barrel, Grocery Outlet, Veeva Systems and more
- After-hours movers: Moderna, CrowdStrike, Ross Stores, Box and more
- After-hours movers: MongoDB, Credo, SoFi Technologies and more
- After-hours movers: Dell, Block, CoreWeave, Autodesk, MARA and more
STMicroelectronics Reports 2024 First Quarter Financial Results
April 25, 2024 1:00 AM UTCPR No: C3254C
STMicroelectronics Reports 2024 First Quarter Financial Results
Q1 net revenues $3.47 billion; gross margin 41.7%; operating margin 15.9%; net income $513 millionQ1 free cash flow1 $(134) million after Net Capex1 of $967 million Business outlook at mid-point: Q2 net revenues of $3.2 billion and gross margin of 40%Geneva, April 25, 2024 STMicroelectronics N.V. (ST) (NYSE: STM),... More
