STMicroelectronics Expects Q3 Net Revenues To Be $3.25B (Vs. Consensus Of $3.577B); Sees Gross Margin Of 38%, Plus Or Minus 200 Bps
Portfolio Pulse from Benzinga Newsdesk
STMicroelectronics (STM) has provided guidance for Q3 2024, expecting net revenues of $3.25 billion, which is below the consensus of $3.577 billion. The company also anticipates a gross margin of 38%, plus or minus 200 basis points.
July 25, 2024 | 5:05 am
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STMicroelectronics (STM) has issued guidance for Q3 2024, forecasting net revenues of $3.25 billion, which is below the market consensus of $3.577 billion. The company also expects a gross margin of 38%, plus or minus 200 basis points.
The guidance provided by STMicroelectronics for Q3 2024 shows expected net revenues below market consensus, which is likely to negatively impact the stock price in the short term. The gross margin guidance is also a critical factor for investors.
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