STMicroelectronics Calls Q1 The Bottom Of 2025, Predicts Better Q2

Reuters
24 Apr

April 24 (Reuters) - STMicroelectronics STMPA.PA reported first-quarter earnings in line with expectations on Thursday, calling it the bottom point for the year, as it sees a better second quarter.

One of Europe's largest chipmakers posted revenue of $2.52 billion for the first quarter, in line with its own forecast of $2.51 billion. Analysts were expecting a similar number according to LSEG.

It expects revenue to reach $2.71 billion in the second quarter of 2025, versus analysts' expectations of $2.62 billion.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10