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0 0.0020929259104228 0.0020929259104228 0.00167434072833818 -0.000841356215989926 0.0062787777312684 0.00293009627459189 0.009836751778987
Stock impact report

STMicroelectronics announces long-term targets at Capital Markets Day [Yahoo! Finance]

STMicroelectronics N.V. (STM) 
Last stmicroelectronics n.v. earnings: 4/22 01:00 am Check Earnings Report
US:NYSE Investor Relations: investors.st.com
Company Research Source: Yahoo! Finance
its $20B plus revenue ambition and associated financial model, that it now expects to be reached by 2030. ST is also setting an intermediate financial model with revenues expected around $18B with an operating margin within a 22% to 24% range in 2027-2028. With the execution of its manufacturing reshaping program and cost base resizing initiative, ST expects to exit 2027 with high triple-digit million-dollar savings compared to the current cost base. This will enable the company to reach an operating margin between 22 and 24% in 2027-2028. Unlock your investing potential with TipRanks Premium - Now At 40% OFF! Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now See the top stocks recommended by analysts Read More on STM: STMicroelectronics Boosts Share Buyback with Recent Repurchase STMicroelectronics enters 21-year PPA wit Show less Read more
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