STMicro cuts FY revenue outlook as slowing car demand bites [Reuters]
STMicroelectronics N.V. (STM)
Last stmicroelectronics n.v. earnings: 4/22 01:00 am
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Source: Reuters
April 25 (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. 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 range of $15.9 billion to $16.9 billion. Analysts polled by LSEG were expecting revenue of $16.1 billion for the year. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up Reporting by Ozan Ergenay; Editing by Josephine Mason Our Standards:
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STM
Earnings
- 4/25/24 - Miss
STM
Sec Filings
- 5/3/24 - Form 6-K
- 4/29/24 - Form 6-K
- 4/25/24 - Form 6-K
- STM's page on the SEC website