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STMicroelectronics N.V. (NYSE:STM) Q1 2024 Earnings Call Transcript April 25, 2024 STMicroelectronics N.V. misses on earnings expectations. Reported EPS is $0.544 EPS, expectations were $0.59. STMicroelectronics N.V. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, welcome to […]
STMicroelectronics NV (NYSE: STM) reported a first-quarter revenue decline of 18.4% year-on-year to $3.47 billion, missing the consensus of $3.62 billion. EPS of $0.54 missed the consensus of $0.59. Sales to OEMs decreased by 11.5% Y/Y, and Distribution sales fell by 30.8% Y/Y. Analog products, MEMS, and Sensors (AM&S) segment revenue declined 13.1% Y/Y to $1.22 billion, mainly due to a decrease in MEMS and Imaging. Power and Discrete products (P&D) segment revenue decreased 9.8% Y/Y to $820 mil