Sun. Jun 16th, 2024

Benoit Berthelot / Bloomberg:

Franco-Italian chipmaker STMicro reports Q3 revenue up 2.5% to $4.43B, beating $4.38B est., net income down 0.8% YoY to ~$1B, and predicts demand rising in Q1  —  – Net revenue in fourth quarter seen at $4.3 billion, down 3%  — Third quarter sales were buoyed by automotive industry demand

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The post Franco-Italian chipmaker STMicro reports Q3 revenue up 2.5% to $4.43B, beating $4.38B est., net income down 0.8% YoY to ~$1B, and predicts demand rising in Q1 (Benoit Berthelot/Bloomberg) appeared first on WorldNewsEra.

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