STMicroelectronics NV (SGM.SG)
| Previous Close | 39.71 |
| Open | 36.50 |
| Bid | 39.79 x 100000 |
| Ask | 39.94 x 100000 |
| Day's Range | 36.50 - 40.35 |
| 52 Week Range | 35.41 - 50.00 |
| Volume | |
| Avg. Volume | 249 |
| Market Cap | 782.752M |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- 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.
- 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.
