STMicroelectronics falls after weak Q1 outlook
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Contributor since / Followers
Contributor since / Followers
2 months ago
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Shares of STMicroelectronics (NYSE:STM) fell about 8% premarket on Thursday after the company’s first quarter outlook was seen below estimates, despite a fourth quarter beat.
Outlook: The Netherlands-based chipmaker expects first quarter 2025 net revenue to be $2.51B at midpoint, compared to a