STMicroelectronics Q4 EPS $1.14 Beats $0.95 Estimate, Sales $4.28B Miss $4.31B Estimate
Portfolio Pulse from Benzinga Newsdesk
STMicroelectronics (NYSE:STM) reported Q4 earnings of $1.14 per share, surpassing the consensus estimate of $0.95 by 20%. However, the company experienced a 13.64% decrease in earnings compared to $1.32 per share from the same period last year. Quarterly sales were $4.28 billion, slightly missing the estimate of $4.31 billion by 0.70% and marking a 3.21% decrease from $4.42 billion in the previous year.
January 25, 2024 | 6:04 am
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STMicroelectronics reported higher-than-expected Q4 EPS but missed on sales estimates, with both earnings and sales down from last year.
While the EPS beat could be seen as a positive signal, the miss on sales estimates and the year-over-year decline in both earnings and sales could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as the market digests both the strengths and weaknesses in the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100