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STMicroelectronics N.V. (STM)
After hours:
| Previous close | 39.98 |
| Open | 42.33 |
| Bid | 0.00 x 900 |
| Ask | 0.00 x 800 |
| Day's range | 41.72 - 42.72 |
| 52-week range | 37.21 - 55.85 |
| Volume | |
| Avg. volume | 3,487,140 |
| Market cap | 37.937B |
| Beta (5Y monthly) | 1.37 |
| PE ratio (TTM) | 9.45 |
| EPS (TTM) | 4.46 |
| Earnings date | N/A |
| Forward dividend & yield | 0.36 (0.85%) |
| Ex-dividend date | 25 Jun 2024 |
| 1y target est | 48.33 |
ReutersSTMicro 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.
- Reuters
STMicro cuts FY revenue outlook as slowing car demand bites
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. The company, whose clients include Tesla and Apple , said it expects revenue in the range of $14 billion to $15 billion for 2024, down from its previous forecast range of $15.9 billion to $16.9 billion. Analysts polled by LSEG were expecting revenue of $16.1 billion for the year.
GlobeNewswireSTMicroelectronics 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 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), a global semiconductor leader serving customers across the spectrum of electronics applications, repo
