STMicroelectronics N.V. (STM) Misses Q1 EPS by 9c; offers Q2 outlook

STMicroelectronics N.V. (NYSE: STM) reported Q1 EPS of $0.54, $0.09 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $3.47 billion versus the consensus estimate of $3.63 billion.

GUIDANCE:

STMicroelectronics N.V. sees Q2 2024 revenue of $3.2 billion a decrease of 7.6% sequentially, plus or minus 350 basis points, versus the consensus of $3.81 billion.

For earnings history and earnings-related data on STMicroelectronics N.V. (STM) click here.

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