STMicroelectronics Q1 2024 GAAP EPS $0.54 Misses $0.65 Estimate, Sales $3.465B Miss $3.615B Estimate
Portfolio Pulse from Benzinga Newsdesk
STMicroelectronics (NYSE:STM) reported Q1 2024 earnings of $0.54 per share, missing the $0.65 estimate, and sales of $3.465B, below the $3.615B estimate. This represents a significant decrease from the previous year's earnings and sales.
April 25, 2024 | 5:11 am
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STMicroelectronics reported lower than expected Q1 2024 earnings and sales, indicating a significant year-over-year decline.
The miss in both earnings per share and sales estimates, coupled with the significant decrease from the previous year's figures, is likely to negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100