Michael Hennessey / Bloomberg:

STMicro reports Q2 net revenue down 25.3% YoY to $3.23B and cuts its FY 2024 revenue outlook to $13.2B to $13.7B, down from a previous range of $14B to $15B  —  - Sales this year will fall to $13.2 billion to $13.7 billion  — CEO: Customer orders for industrial business didn't improve

Michael Hennessey / Bloomberg:

STMicro reports Q2 net revenue down 25.3% YoY to $3.23B and cuts its FY 2024 revenue outlook to $13.2B to $13.7B, down from a previous range of $14B to $15B  —  - Sales this year will fall to $13.2 billion to $13.7 billion  — CEO: Customer orders for industrial business didn't improve

Source: TechMeme
Source Link: http://www.techmeme.com/240725/p6#a240725p6