STMicroelectronics Reports 2024 Third Quarter Financial Results
STMicroelectronics N.V. (STM)
Last stmicroelectronics n.v. earnings: 4/22 01:00 am
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investors.st.com
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Source: GlobeNewswire
PR No: C3290C STMicroelectronics Reports 2024 Third Quarter Financial Results Q3 net revenues $3.25 billion; gross margin 37.8%; operating margin 11.7%; net income $351 millionYTD net revenues $9.95 billion; gross margin 39.9%; operating margin 13.1%; net income $1.22 billionBusiness outlook at mid-point: Q4 net revenues of $3.32 billion and gross margin of 38%Launch of a new company-wide program to reshape our manufacturing footprint accelerating our wafer fab capacity to 300mm Silicon and 200mm Silicon Carbide and resizing our global cost base Geneva, October 31, 2024 – STMicroelectronics N.V. (“ST”) (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the third quarter ended September 28, 2024. This press release also contains non-U.S. GAAP measures (see Appendix for additional information). ST reported third quarter net revenues of $3.25 bil
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News
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- Samsung, STMicroelectronics, Stellantis: 3 Stocks In Foucs [Yahoo! Finance Canada]Yahoo! Finance Canada
- STMicroelectronics (NYSE: STM) had its price target lowered by analysts at Craig Hallum from $42.00 to $36.00. They now have a "buy" rating on the stock.MarketBeat
- STMicroelectronics trims 2024 revenue outlook again [Yahoo! Finance Canada]Yahoo! Finance Canada
- STMicroelectronics N.V. (STM): Among The 10 Oversold Blue Chip Stocks to Buy Now [Yahoo! Finance]Yahoo! Finance
STM
Earnings
- 10/31/24 - Beat
STM
Sec Filings
- 10/31/24 - Form 6-K
- 10/28/24 - Form 6-K
- 10/25/24 - Form SC
- STM's page on the SEC website