NXP Down Most Since July as Car Industry Slump Weighs on Outlook [Yahoo! Finance]
STMicroelectronics N.V. (STM)
Last stmicroelectronics n.v. earnings: 4/22 01:00 am
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Source: Yahoo! Finance
and earnings, hurt by a slowdown from automotive customers and weak industrial demand. Most Read from Bloomberg From Housing to Immigration, Key Ballot Initiatives and Local Races to Follow Paris Restricts Through Traffic in City Center Istanbul Tries Free Public Transit to Help Job Seekers In Warsaw, Falling Road Deaths Signal a Traffic Safety Turnaround Revenue will be $3 billion to $3.2 billion in the fourth quarter, the Dutch chipmaker said in a statement on Monday after markets closed. Profit will top out at $3.33 a share excluding some items, NXP said. Analysts had estimated $3.36 billion in revenue and $3.62 a share in earnings, according to data compiled by Bloomberg. NXP shares fell as much as 8.4% in New York on Tuesday, the biggest intraday decline since July 23. Chipmakers that rely on car manufacturers have struggled this year with an inventory glut and low demand for the electric vehicles that use their products. NXP, which gets more than half of its sale
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News
- EU Chips Act 2.0 should include legacy chips, says industry group chief [Yahoo! Finance]Yahoo! Finance
- China's No 2 foundry to make legacy chips for Europe's STM, serving mainland market [Yahoo! Finance]Yahoo! Finance
- STMicroelectronics (NYSE: STM) had its "positive" rating re-affirmed by analysts at Susquehanna. They now have a $33.00 price target on the stock.MarketBeat
- STMicroelectronics announces long-term targets at Capital Markets Day [Yahoo! Finance]Yahoo! Finance
- Optical Metasurface Market is Predicted to Reach US$ 644.1 Million with Expanding at a CAGR of 16.4% by 2034 | Fact.MR Report [Yahoo! Finance]Yahoo! Finance
STM
Earnings
- 10/31/24 - Beat
STM
Sec Filings
- 11/20/24 - Form 6-K
- 11/18/24 - Form 6-K
- 11/12/24 - Form 6-K
- STM's page on the SEC website