News
STM
41.33
-2.98%
-1.27
Validea's Top Information Technology Stocks Based On Benjamin Graham - 4/26/2024
NASDAQ · 1d ago
Maintaining Hold on STMicroelectronics Amidst Revenue and Demand Uncertainties
TipRanks · 2d ago
Buy Rating Reaffirmed for STMicroelectronics Amidst Industry Challenges and Long-Term Growth Prospects
TipRanks · 2d ago
STMicroelectronics Q1 Revenue Declines Amid Sector Challenges
TipRanks · 2d ago
Semiconductors largely higher even as big tech sells off; Intel results on deck
Semiconductors largely higher even as big tech sells off; Intel results on deck; Intel shares rose 1.2% on Thursday. STMicroelectronics shares rose 2% after the company offered up mixed first-quarter results. Semiconductor stocks were largely higher on Thursday amid a broader market sell-off. Intel is slated to report first- quarter results after the close of trading.
Seeking Alpha · 2d ago
Not All Chipmakers Are Doing Great; STMicroelectronics Lowers Annual Outlook After Q1 Performance
STMicroelectronics NV reported a first-quarter revenue decline of 18.4% year-on-year to $3.47 billion. Sales to OEMs decreased by 11.5% Y/Y, and Distribution sales fell by 30.8%. The company's EPS of $0.54 missed the consensus of $.59.
Benzinga · 2d ago
STM Stock Earnings: STMicroelectronics Misses EPS, Misses Revenue for Q1 2024
STMicroelectronics reported earnings per share of 54 cents for the first quarter of 2024. The company reported revenue of $3.47 billion. This was 4.02% below the analyst estimate for the same period. STM reported results for first quarter in 2024.
Investorplace · 3d ago
US Stocks Brace For Negative Start Amid Tech Earnings Disappointments, Caution Ahead Of Data: 'Worst Of This Two-Week Decline Is Behind Us,' Says Analyst
The index futures are pointing to a lower opening on Thursday. Meta Platforms, Inc.’s lukewarm second-quarter revenue guidance and commentary punctured the market. The tech-heavy Nasdaq Composite and the S&P 500 Index ended Wednesday's session marginally higher. The first-quarter GDP data and personal income and spending report are due for the week.
Benzinga · 3d ago
REFILE-MORNING BID AMERICAS-Meta plunges, mega mining merger revealed
U.S. Tech giant Meta plunges 13% on Wall St after disappointing quarterly results. BHP's $39 billion bid for Anglo American sends copper prices soaring. First official cut of Q1 U.S.'s gross domestic product expected later on Thursday. Japan's Nikkei, South Korea's Kospi and Taiwan's benchmark all fall.
Reuters · 3d ago
STMicroelectronics slashes guidance over slump in automotive industry
MarketWatch · 3d ago
UPDATE 2-Chipmaking parts supplier Besi misses order estimates, shares drop
Dutch chipmaking parts supplier Besi misses order estimates, shares drop. Hit by weakness in mainstream assembly markets, especially for smartphone and automotive applications. Shares down 8.4% to 127.3 euros. Company expects orders to bounce back in the second quarter. The results mirror a wider trend in the semiconductor market.
Reuters · 3d ago
UPDATE 2-STMicro cuts FY revenue outlook as softer car demand weighs
European chipmaker STMicroelectronics cuts FY revenue outlook as softer car demand weighs. Shares fall 3.5% in early trade after company posts lower-than-expected first-quarter results. Expects FY revenue in the range of $14 billion to $15 billion for 2024. Comes after Apple shipments fell, Tesla announced job cuts.
Reuters · 3d ago
UPDATE 1-STMicro cuts FY revenue outlook as slowing car market bites
European chipmaker STMicroelectronics cuts FY revenue outlook as slowing car market bites. The warning came after the company posted lower-than-expected first-quarter results. The company expects revenue in the range of $14 billion to $15 billion for 2024. STMicro's clients include Tesla and Apple.
Reuters · 3d ago
STMicroelectronics reports mixed Q1 results; initiates Q2 outlook
STMicroelectronics reports mixed Q1 results; initiates Q2 outlook for 2024-second quarter. Q1 revenue of $3.47B misses by 18.4% Y/Y; Q1 GAAP EPS of $0.54 misses by $140M.
Seeking Alpha · 3d ago
STMicroelectronics Q1 Net Income Declines; Net Revenues Down 18.4%
NASDAQ · 3d ago
STMicroelectronics Lowers Its 2024 Outlook: Now Expects Net Revenues Of $14B-$15B (Prior $15.9B-$16.9B) Vs. Consensus Of $16.12B; Sees Gross Margin In The Low 40's range
We will now drive the Company based on a revised plan for FY24 revenues in the range of $14 billion to $15 billion. "Within this plan, we expect a gross margin in the low 40's," says CEO. The company plans to maintain its Net Capex1 plan of $2.5 billion.
Benzinga · 3d ago
STMicroelectronics Expects Q2 Net Revenues To Be $3.2B (Vs. Consensus Of $3.8B); Sees Gross Margin Of 40%, Plus Or Minus 200 Bps
ST's guidance for the 2024 second quarter is a decrease of 7.6% sequentially. The company says net revenues are expected to be $3.2 billion. The second quarter will close on June 29, 2024. The outlook is based on an assumed currency exchange rate of €1.00.
Benzinga · 3d ago
STMicro cuts FY revenue outlook as slowing car demand bites
European chipmaker STMicroelectronics cuts FY revenue outlook as slowing car demand bites. The company's clients include Tesla and Apple. STMicro says it expects revenue in the range of $14 billion to $15 billion for 2024. It is the latest semiconductor company to struggle with weakening demand from carmakers.
Reuters · 3d ago
STMicroelectronics Q1 2024 GAAP EPS $0.54 Misses $0.65 Estimate, Sales $3.465B Miss $3.615B Estimate
STMicroelectronics reported quarterly earnings of $0.54 per share. The company reported quarterly sales of $3.465 billion. This is a 18.41 percent decrease over sales of the same period last year. STMicroelectronic missed the analyst consensus estimate.
Benzinga · 3d ago
STMicroelectronics: Q1 Earnings Snapshot
STMicroelectronics NV (STM) reports first-quarter profit of $513 million. The chip company posted revenue of $3.47 billion in the period. The results fell short of Wall Street expectations. STM: On a per-share basis, the company made a profit of 54 cents.
Barchart · 3d ago
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About STM
STMicroelectronics N.V. is a Switzerland-based semiconductor company. It designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company's segments include Automotive and Discrete Group (ADG), Analog, MEMS and Sensors Group (AMS), and Microcontrollers and Digital ICs Group (MDG). The ADG segment comprises all dedicated automotive Integrated Circuits (ICs), and discrete and power transistor products. The AMS segment includes low-power analog ICs for all markets, smart power products; Touch Screen Controllers, Low Power Connectivity solutions for Internet of Things (IoT), and power conversion products, among others. The AMS segment comprises general purpose and secure microcontrollers, and Electrically Erasable Programmable Read-Only Memory memories.