STMicroelectronics cuts outlook as slower demand causes Q1 miss

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Go back to STMicroelectronics cuts outlook as slower demand causes Q1 miss

STMicroelectronics N.V. (STM) Misses Q1 EPS by 9c; offers Q2 outlook

April 25, 2024 4:52 AM UTC

STMicroelectronics N.V. (NYSE: STM) reported Q1 EPS of $0.54, $0.09 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $3.47 billion versus the consensus estimate of $3.63 billion.

GUIDANCE:

STMicroelectronics N.V. sees Q2 2024 revenue of $3.2 billion a decrease of... More