STMicroelectronics Expects Q4 Net Revenues To Be $3.32B Vs. Consensus Of $3.396B; Sees Gross Margin Of 38%, Plus Or Minus 200 Bps
Portfolio Pulse from Benzinga Newsdesk
STMicroelectronics has provided guidance for Q4 2024, expecting net revenues of $3.32 billion, slightly below the consensus of $3.396 billion. The company anticipates a gross margin of 38%, with a potential variance of 200 basis points.
October 31, 2024 | 6:28 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
STMicroelectronics' Q4 2024 revenue guidance of $3.32 billion is below the consensus estimate of $3.396 billion, which may lead to a negative market reaction. The gross margin is expected to be 38%, with a variance of 200 basis points.
The revenue guidance provided by STMicroelectronics is below the consensus estimate, which typically results in a negative market reaction as it may indicate lower-than-expected performance. The gross margin guidance is within a typical range, but the revenue shortfall is likely to be the focus for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100