STMicroelectronics N.V. (SGM.F)
| Previous close | 40.01 |
| Open | 39.77 |
| Bid | 39.33 x 160000 |
| Ask | 39.40 x 160000 |
| Day's range | 39.77 - 39.77 |
| 52-week range | 35.36 - 50.31 |
| Volume | |
| Avg. volume | 421 |
| Market cap | 35.803B |
| Beta (5Y monthly) | 1.37 |
| PE ratio (TTM) | 9.54 |
| EPS (TTM) | 4.17 |
| Earnings date | N/A |
| Forward dividend & yield | 0.33 (0.82%) |
| Ex-dividend date | 24 Jun 2024 |
| 1y target est | N/A |
BenzingaNot All Chipmakers Are Doing Great; STMicroelectronics Lowers Annual Outlook After Q1 Performance
STMicroelectronics NV (NYSE: STM) reported a first-quarter revenue decline of 18.4% year-on-year to $3.47 billion, missing the consensus of $3.62 billion. EPS of $0.54 missed the consensus of $0.59. Sales to OEMs decreased by 11.5% Y/Y, and Distribution sales fell by 30.8% Y/Y. Analog products, MEMS, and Sensors (AM&S) segment revenue declined 13.1% Y/Y to $1.22 billion, mainly due to a decrease in MEMS and Imaging. Power and Discrete products (P&D) segment revenue decreased 9.8% Y/Y to $820 mil
- Reuters
UPDATE 2-STMicro cuts FY revenue outlook as softer car demand weighs
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. Shares fell as much as 3.5% in early trade, but then reversed course, with analysts noting that the poor outlook had been expected. 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.
ReutersSTMicro cuts FY revenue outlook as softer car demand weighs
(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. Shares fell as much as 3.5% in early trade, but then reversed course, with analysts noting that the poor outlook had been expected. 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.
