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 (Christina Kyriasoglou/Bloomberg)

3 weeks ago 2

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

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