STMicroelectronics trims 2024 revenue outlook again

Quick Summary:

:STMicroelectronics, Europe's largest chipmaker by revenue, on Thursday said its full-year revenue would come at the low end of its earlier guidance range, its third cut to the outlook this year.

The company, whose clients include Tesla and Apple, said it expected to post annual revenue of $13.

Analysts polled by LSEG were expecting revenue of $13.26 billion for the full year.

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Category: EconomyBusiness

Markets: SingaporeFrance

Topics: Year Company Experience Mediacorp File Demand Billion Revenue Stmicroelectronics July 2024

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2024-10-31 @ 14:18:31 (8 hours ago)

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News Source URL: channelnewsasia.com

Language: English

Article Length: 216 words

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Sentences: 8 lines

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