Christina Kyriasoglou / Bloomberg:

STMicro reports Q3 net revenue down 25% YoY to $3.25B and expects FY 2024 revenue to fall 25% YoY to ~$13.27B, at the lower end of its $13.2B to $13.7B forecast  —  - Revenue for the year will come in at the lower end of range  — Company announces a cost-cutting program for manufacturing

Christina Kyriasoglou / Bloomberg:

STMicro reports Q3 net revenue down 25% YoY to $3.25B and expects FY 2024 revenue to fall 25% YoY to ~$13.27B, at the lower end of its $13.2B to $13.7B forecast  —  - Revenue for the year will come in at the lower end of range  — Company announces a cost-cutting program for manufacturing

Source: TechMeme
Source Link: http://www.techmeme.com/241031/p11#a241031p11